INVESTOR & BUILDER ALERT! Exceptional opportunity in South Vancouver. This expansive 7,900 SQFT lot offers potential for development, allowing upwards of 8 units with future multi-family zoning possibilities (verify with the City). Positioned on the high side of the street, enjoy stunning southern views of Richmond and the Fraser River. Currently owner-occupied with two rented basement units, providing significant rental income while awaiting permits. Located in a vibrant area near Fraser Street, Main Street, 49th Avenue, and Punjabi Market, this property is surrounded by amenities, shopping districts, and transit. A solidly built home with renovations over the years, ideal for holding as an investment or pursuing development potential. Don’t miss this rare opportunity!
Address
753 E 55TH AVENUE
List Price
$3,329,700
Property Type
Residential Detached
Type of Dwelling
House/Single Family
Style of Home
1 Storey
Area
Vancouver East
Sub-Area
South Vancouver
Bedrooms
9
Bathrooms
4
Floor Area
2,395 Sq. Ft.
Lot Size
7896 Sq. Ft.
Year Built
1967
MLS® Number
R2950188
Listing Brokerage
eXp Realty of Canada, Inc.
Basement Area
Fully Finished
Postal Code
V5X 1N8
Zoning
RR1
Tax Amount
$11,289.10
Tax Year
2024
Site Influences
Adult Oriented, Central Location, Private Setting, Private Yard, Shopping Nearby
Features
ClthWsh/Dryr/Frdg/Stve/DW, Drapes/Window Coverings, Smoke Alarm, Sprinkler - Fire, Storage Shed, Windows - Thermo
Amenities
None
Heat Type
Electric