2601 - 2697 Whiteley Court, North Vancouver
110,206 sq. ft. site
Known as Whiteley Gardens, the subject property is situated in Lynn Valley, a community within the District of Vancouver and lies in a cul-de-sac immediately south of the Lynn Valley Shopping Centre.
Located adjacent to the Town Centre, the property enjoys excellent exposure on both Whitely Court and East 27th Street and lies within very close proximity (across the street) to the shopping centre. Easy access to the Upper Levels Highway is only 3-4 minutes by car via the main arterial routes of Mtn. Highway and Lynn Valley Rd.
The site contains a multi-family rental project of 46 units, including outdoor pool. It is in excellent condition.
Proposed Development Summary
There is a strong likelihood that the subject property can be rezoned to allow for two high-rise towers. With a lot size of 110,206 sq. ft. and FSR of 2.5, the potential building site is 275,515 sq. ft. ($34.48/sq. ft.).
|Financing||Treat as clear title.|
|Income and Expenses|
Net Operating Income
The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by HQ Commercial.