1050 West Queens Road

North Vancouver

$2,700,000

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Price$2,700,000

Lot size6,000 sq. ft.

ZoningC-2

Floor space ratioapprox. 1.5

Development potentialNew OCP - 3 stories

PID010-862-862

Legal descriptionLot A (Explanatory Plan 5617), Block 40, District Lots 598 to 601, Plan 6659

Overview

The subject property is an irregular shaped corner site improved with a single-storey building in North Vancouver’s prestigious Edgemont Village neighbourhood. An excellent opportunity to redevelop as a mixed-use residential/commercial complex. Download brochure by clicking here.

Redevelopment Potential

The OCP allows for a height of at least 3-storeys within the Edgemont Village core — the exact heights and uses would vary and be subject to a case-by-case approval through a rezoning process. An approx. 1.5 FSR could be anticipated.

Location

The property is located in the Edgemont Village neighbourhood of the District of North Vancouver, which is an established commercial node with bustling retailers and office tenants. Recently, the area has seen an increase in demand for commercial premises with new developments catering to the local market. Specifically, the site is located on the corner of Newmarket Drive and West Queens Road, one block away from Edgemont Boulevard and all the great restaurants, banks, grocery stores, cafe’s, high school and other amenities. Close to Murdo Frazer Park/Golf Course and the Upper Levels Highway.

Improvements

Built in circa 1959, the subject is improved with a single storey 1,744 sq. ft. building with paved onsite parking currently vacant.

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Financing	Treat as clear title.
Assessment 2014	Land Building Total	Land$2,325,000 Building$4,900 Total$2,329,900
Taxes 2013	$30,369.94
Income and expenses	Net operating income	Net Operating Income$65,000

The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by Goodman Commercial.