Mount View Terrace
677 East 7th Avenue, Vancouver, BC
FOR SALE
Property Details
- Lot Size 21,155 sf
- Site Dimensions 173 ft x 122 ft
- Number of Units 42
- Zoning RRM-4 - Multiple Dwellings
- Neighbourhood Mount Pleasant
- Potential Gross Buildable Area 137,506 sf
- Maximum Density 6.50 FSR (80% market rental / 20% affordable) / 20-storey high rise development (minimum 150’ frontage)
- Assessed Value $15,994,000
- Financing Treat as clear title
- Sale Structure Asset Sale
Overview
Avison Young is pleased to market for sale 677 East 7th Street, Vancouver, BC (the “Property”). The Property is improved with a 42 unit apartment building situated on a 21,155-sf residential development site with significant exposure along East 7th Avenue. Situated in the heart of Vancouver’s Mount Pleasant neighbourhood, the Property is designated as Mount Pleasant North Apartment Area– Area B within the Broadway Plan. This land designation promotes the development of high-rise rental apartment buildings permitting a density of up to 6.50 FSR and height of 20-storeys. For developers seeking to establish themselves in a thriving and sought-after neighbourhood, the Property presents an exceptional opportunity. The surrounding Mount Pleasant area offers a wealth of amenities and recreational activities, further enhancing the desirability of the location.
