Presenting 5942 Wales Street, a prime development site located in the thriving Killarney neighborhood of Vancouver. This property is an excellent opportunity for builders and developers looking to capitalize on the benefits of R1-1 zoning in a highly desirable area. The property features a generous lot of over 5600 square feet, providing ample space for a creative and lucrative development project. With the new R1-1 zoning, this site allows for various residential options, including single-family homes with secondary suites, duplexes, or potentially a small multi-unit residential building, subject to city approval. The site currently houses a well-maintained 4 bedroom, 1 bathroom home that can be utilized as a rental property during the planning and development phases, offering a potential revenue stream. The Peak of Killarney offers views to the south east from the top floors gives builders a unique opportunity to provide an unparalleled outdoor experience from upper or roof top decks.
Data was last updated May 7, 2024 at 04:10 PM (UTC)
Area Statistics
Listings on market:
38
Avg list price:
$2,193,400
Min list price:
$1,399,900
Max list price:
$3,280,000
Avg days on market:
21
Min days on market:
1
Max days on market:
197
Avg price per sq.ft.:
$964.44
These statistics are generated based on the current listing's property type
and located in
Killarney VE. Average values are
derived using median calculations.
To access this information, please create a free account