A SW Marine Drive mansion that’s lower than 20 years outdated might be redeveloped right into a townhouse mission with secured market rental models.
The house, which is at present available on the market for $15.5 million, is being marketed as a “Southlands property dwelling with potential rezoning below the Reasonably priced Housing Decisions Interim Rezoning Coverage in course of.”
That course of might see the 4,349 sq. ft. dwelling demolished to make approach for 16 townhouses containing a complete of 28 models. There can be 24 underground parking areas and 68 bicycle parking areas.
The prevailing dwelling was inbuilt 2005 and sits on a one-acre lot. It has three bedrooms and 5 loos, and in response to the main points of previous listings of the property, over $2 million was spent on landscaping.
The Metropolis of Vancouver’s Reasonably priced Housing Decisions Interim Rezoning Coverage is supposed to “encourage innovation and allow actual examples of ground-oriented and mid-rise inexpensive housing varieties to be examined for potential wider software that may present ongoing housing alternatives.”