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For new mortgages, if the downpayment or equity is less then 20% of the purchase price, the amortization cannot exceed 25 years and the maximum purchase price must be less than $1,000,000.
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$5,699,000
Bedrooms: | 4 |
Bathrooms: | 5 |
Listing Type: | House/Single Family |
Sqft | 4,550 |
Lot Size | 10,150 |
Built: | 1931 |
Price: | $5,699,000 |
Listed By: | Dracco Pacific Realty |
MLS: | R2844393 |
Description
Attention: Developers & Investors! Secured Market Rental Policy RESIDENTIAL + SENIOR housing potential in Shaughnessy on large 70'x145 lot. Potential to assemble with surrounding properties. A Exceedingly rare opportunity to acquire a development lot in Vancouver’s coveted Shaughnessy neighbourhood with the potential to rezone up to 6 storey market rental residential/SENIOR housing. Given recent changes to mortgage qualifications and a notable shortage of rental housing, a rental project here will capitalize on significant future demand for rental. Being located at the highest elevation on Granville means future projects will enjoy mountain and city views.
Taxes (2023): $13,064.80