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5233 TAUNTON ST, VANCOUVER (EAST), B.C., V5R 4B2 |
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| PRICE |
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$628,000.- ONLY |
| AGE |
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68 YEARS YOUNG |
| AREA |
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COLLINGWOOD |
| TOTAL LIVING AREA |
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1,497 sq.ft. APPROXIMATELY |
| LOT SIZE |
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3,737 sq.ft. APPROXIMATELY
(33' x 113.25' APPROXIMATELY) |
| LEGAL DESCRIPTION |
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VAP3728 LOT 7 DL 37 LD 36 BLK 83 & 84 |
| PROPERTY TAX |
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$2,835.01 (YEAR 2014) |
| SCHOOL CATCHMENT |
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SIR WILFRED GRENFELL (ELEMENTARY);
WINDERMERE (SECONDARY) |
| DOWNLOADABLE DOCS |
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TITLE, PDS, Right Of Way DOCS |
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Lowest priced detached home on freehold land in Vancouver. Faces Collingwood Park. Developer or Investor Alert! Hold, live in or build. This 1,497 sq.ft. “War Time Bungalow” is a solid 2-level home (living, kitchen, 2 bedrooms, & 4pc bath up; family room, den, laundry, storage, & 3pc bath down) with a NW-facing backyard. Owner-occupied, in good condition, the existing home sits on a 33' x 113' lot which has a Right Of Way affecting its development potential. Priced to reflect the ROW, estimated size for a new build approximate a 1,500 sq.ft. 3-storey home plus 500 sq.ft. laneway house. Or, simply opt to keep the existing home & add the laneway home to build on your investment.
RIGHT OF WAY’S AFFECT ON POTENTIAL DEVELOPMENT
There is a Greater Vancouver Sewerage and Drainage District sewer Right of Way which runs the length of the property, and under a portion of the house. This ROW occupies approximately ˝ of the land area of the property, and gives the GVSDD the right of access to the ROW area to work on or repair the underground sewer main. The Right-of-Way Agreement permits the existing house to remain on the property, and to be used undisturbed, but significantly restricts the size and location of any new house which could be constructed on the property should the existing house be destroyed or demolished. (Click on "Downloadable Docs" link above for relevant Title, Right of Way claim, PDS and more.)
POTENTIAL OPTIONS FOR 5233 TAUNTON ST:
1. An owner-occupier or investor could keep & use the house as it is for years to come.
2. The house could be kept “as-is” and a new laneway house added in the north corner.
3. The property could be re-developed with a new single family house – with or without a laneway house.
Previous owners of 5233 Taunton St have consulted with various architects & City of Vancouver planners who concluded that, allowing for the ROW, a new 3-level single family house with a floor plate of between 440–500 sq.ft, for a total size of 1,400–1,500 sq.ft. approximately. The property may also allow construction of a small laneway house (400–500 sq.ft. approximately) in the north corner of the backyard.
Any buyer needs to carefully review the property title, with particular attention to the ROW provisions & consider any proposed re-development with the assistance of an architectural professional and other consultants. This property has complicating features as acknowledged by the low list price. 5233 Taunton St offers unique opportunities for owner-occupiers, investors, & developers alike. Detached home across from a City park, close to Joyce Skytrain Station, shopping, library, & schools. (Learn more about the TITLE, PDS, Right Of Way, etc. via the downloadable docs.) Please call or email if you have any further questions. |
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ABOVE INFORMATION IS FROM SOURCES BELIEVED RELIABLE BUT
SHOULD NOT BE RELIED UPON WITHOUT VERIFICATION.
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PATSY HUI
RE/MAX WESTCOAST
TEL: 604-275-9787
FAX: 604-274-9788
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