Description
The Official Community Plan (OCP) designates this property for medium-density multifamily development, with potential rezoning to RM2 for apartment use, supporting a Floor Space Ratio (FSR) of up to 2.5 under the "Major Corridor Residential" designation. Alternatively, the city is open to supporting options such as duplexes, triplexes, or fourplexes, with a maximum of four units. Situated in the desirable Hammond neighborhood, this location offers proximity to various shopping centers and schools, making it an excellent opportunity for developers looking to capitalize on the areas growing demand for housing. This prime site holds significant potential for multifamily and smaller-scale developments with laneway access off the back!
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5BEDS
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0.3ACRES
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2BATHS
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01/2 BATHS
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2,194SQFT
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$1,185$/SQFT
Description
The Official Community Plan (OCP) designates this property for medium-density multifamily development, with potential rezoning to RM2 for apartment use, supporting a Floor Space Ratio (FSR) of up to 2.5 under the "Major Corridor Residential" designation. Alternatively, the city is open to supporting options such as duplexes, triplexes, or fourplexes, with a maximum of four units. Situated in the desirable Hammond neighborhood, this location offers proximity to various shopping centers and schools, making it an excellent opportunity for developers looking to capitalize on the areas growing demand for housing. This prime site holds significant potential for multifamily and smaller-scale developments with laneway access off the back!
Listing provided courtesy of Stonehaus Realty Corp.. © 2024 by the Greater Vancouver REALTORS®. NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board
or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.