246 W 4th St, North Vancouver: Exceptional investment opportunity on a 7,013 sq ft flat lot (50x140 ft) in a prime location. This fourplex generates $75,360/year in rental income and is designated for medium-density development under RT1 zoning and R4A OCP with 1.0 FSR. A letter from the City of North Vancouver confirms rezoning potential for small-scale housing allowing up to 6 units. Buy, hold, and develop. Suite breakdown: #1 – Upper Right, 3 bed, 2 level, 1,700 sf; #2 – Upper Left, 3 bed, 2 level, 1,700 sf, $2,200/mo (2016); #3 – Main Right, 1 bed, 689 sf, $980/mo (2017); #4 – Main Left, 1 bed, 689 sf, $1,900/mo (2024). Some suites have shared laundry. No dishwasher in #1. Developers and investors—don’t miss this.
Address
246 W 4th Street
List Price
$3,380,000
Property Type
Residential Income
Type of Dwelling
Duplex
Style of Home
3 Storey
Structure Type
Multi Family
Area
North Vancouver
Sub-Area
Lower Lonsdale
Bedrooms
8
Bathrooms
6
Half Bathrooms
2
Floor Area
5,080 Sq. Ft.
Main Floor Area
1720
Lot Size
7013.23 Sq. Ft.
Lot Size Dimensions
50 x 140
Lot Size (Acres)
0.16 Ac.
Lot Features
Lane Access, Recreation Nearby
Lot Size Units
Square Feet
Total Building Area
5080
Frontage Length
50
Year Built
1969
MLS® Number
R3000723
Listing Brokerage
RE/MAX Crest Realty
Basement Area
Partially Finished, Exterior Entry
Postal Code
V7M 1H7
Zoning
RT-1
Ownership
Freehold NonStrata
Parking
Carport Multiple, Lane Access
Parking Places (Total)
4
Tax Amount
$10,873.50
Tax Year
2024
Site Influences
Lane Access, Recreation Nearby, Shopping Nearby
Community Features
Shopping Nearby
Appliances
Washer/Dryer, Dishwasher, Refrigerator, Stove
Board Or Association
Greater Vancouver
Heating
Yes
Heat Type
Baseboard, Hot Water, Natural Gas
Carport
Yes
Laundry Features
Common Area
Levels
Three Or More
Number Of Floors In Property
3
Security Features
No Fire Sprinkler System, Smoke Detector(s)