For new mortgages, if the downpayment or equity is less then 20% of the purchase price, the amortization cannot exceed 25 years and the maximum purchase price must be less than $1,000,000.
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Excellent flat development site. Value is in the OCP - Residential Level 5 designation with a 1.75 FSR. Zoned RM3 MF 4 LEGAL lots (011-064-871, 011-064-862, 011-064-854, 011-064-846) each 33x124 for a total of 16,368 SF. This property would suit a Developer who can take a Comprehensive Development to the District of North Vancouver. Neither the owners or listing agent make any representations as to any use of this property. Sold as is where is. All zoning and development inquiries should be made to the DNV planning department. This is a prime central Lynn Valley location that is surrounded by multi-family, commercial, office and retail properties. Also listed as Land only R2511513. The Sellers will not entertain long term subject deals from Developers at this time.
Disclaimer: Listing data is based in whole or in part on data generated by the Real Estate Board of Greater Vancouver and Fraser Valley Real Estate Board which assumes no responsibility for its accuracy.
