Explore this exceptional 25,000 sq ft flat, rectangular lot with immense development potential. Recently rezoned from RS1 to RS-2, the property now allows for the construction of up to five 4,000 sq ft lots, making it a prime ready-to-build project for developers. Alternatively, retain and renovate the existing three grandfathered dwellings, which can generate a rental income of $4,000 to $4,500 per month. One home is currently tenanted on a month-to-month, providing instant revenue. Nestled in a highly sought-after area near the University of the Fraser Valley, hospital, schools, and recreational facilities, this is a rare opportunity. Act fast to secure this incredible property!
Address
19919 SILVERHOPE ROAD
List Price
$1,000,000
Property Type
Residential Detached
Type of Dwelling
House/Single Family
Style of Home
Rancher/Bungalow
Area
Hope & Area
Sub-Area
Hope
Bedrooms
2
Bathrooms
1
Floor Area
572 Sq. Ft.
Lot Size
26243 Sq. Ft.
Year Built
9999
MLS® Number
R2930829
Listing Brokerage
Sutton Premier Realty
| Century 21 Coastal Realty Ltd.
Basement Area
None
Postal Code
V0X 1L2
Zoning
RS-2
Tax Amount
$3,129.00
Tax Year
2024
Amenities
None