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.
Mortgage rates are estimates of current rates. No fees are included.
The Official Community Plan has "APPROVED" a 2 LOT 33'x 130' (READY TO BUILD) Current home requires demolishing to complete subdivision into 2 lots (RS-3)which allows a total of 4 units. The existence of the back lane and accessibility and proximity to transit enhances the chances of building a total of 8 units awaiting t he Provincial Governments announcement on JUNE 30th,2024.The land is assessed by BC Assessment at $$2 ,755,000 . In summary: This property currently offers a home with income (tenants up and down) . Surrounded by lush greenery and in close proximity to schools, parks, Grouse Grind ,and amenities, this location combines the a allure of a tranquil setting with the promise of significant potential in one of North Vancouver's most sought-after neighborhoods.
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.
