Quarter-acre East Vancouver land parcel assembled for $6.6M
Parcel in Little Mountain area has potential for more than 35,000 square feet of multi-family development
Stanley Chiu Howard Mak Gammon
Western Investor
A 0.25-acre land assembly in the Little Mountain area of East Vancouver, zoned for increased density, has been bought for $6.6 million, reports Gammon International Real Estate Corp. The parcel has potential for more than 35,000 square feet (gross) of multi-family development.
Breakdown:
Property type: Land assembly [multi-family]
Location: 4697 – 4987 Main Street, Vancouver
Number of units: 16
Land size: 0.25 acres, 11,094 square feet
Zoning: RM-3A (up to six-storey; 35,058 square feet, gross)
Additional: Assembly included adjacent lot already held by buyer at 5107 Main Street
Date of sale: February 28, 2020
Sale price: $6.67 million
Brokerage name: Gammon International Real Estate Corp., Vancouver
Brokers: Stanley Chiu and Howard Mak
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