- What A home on a nearly half-acre lot on Granville Street has been put up for sale
- Why The property has flexible zoning
- What next The land could be developed into a multifamily property
A residential property with development potential on Vancouver’s Granville Street in the First Shaughnessy neighbourhood was listed last week for $14.9m.
The roughly half-acre corner lot at 3998 Granville Street hosts a “modern, fully-renovated” 5,400 sq ft house and basketball court. RE/MAX has the marketing assignment. The property was previously listed with Macdonald Commercial.
The campaign highlights that the property could be redeveloped, with a previous listing indicating potential for a low-rise multifamily building on the property.
The property, along Vancouver’s historic and upscale Granville Street, is a kilometre away from a host of upscale shops, bars and restaurants. It’s 4 kilometres from downtown Vancouver.
The site also has easy access to the University of British Columbia and prestigious private schools.
