DEVELOPMENT APPROVED SITE – PRIOR-TO LETTER IN HAND! An exceptional opportunity to acquire a "shovel-ready" potential project at 5490 Ash Street. The owner has successfully secured the Prior-to Letter for a 16-Unit Townhouse Development, allowing the buyer to bypass years of permitting and design time. Situated on a massive 8,200 sq.ft. (61' frontage) corner lot in the prestigious Cambie Corridor/TOA zone, this site offers immediate viability and high ROI. The existing solid 2-storey home generates holding income while you finalize the remaining conditions. Skip the lineup at City Hall—this premier site is ready for the next steps.
Address
5490 Ash Street
List Price
$5,788,000
Property Type
Residential
Type of Dwelling
Single Family Residence
Structure Type
Residential Detached
Transaction Type
Sale
Area
Vancouver West
Sub-Area
Cambie
Bedrooms
3
Bathrooms
3
Half Bathrooms
3
Floor Area
2,160 Sq. Ft.
Main Floor Area
1550
Lot Size
8200 Sq. Ft.
Lot Size Dimensions
61 x
Lot Size (Acres)
0.19 Ac.
Lot Size Units
Square Feet
Total Building Area
2160
Frontage Length
61
Year Built
1954
MLS® Number
R3066978
Listing Brokerage
Royal Regal Realty Ltd.
Basement Area
Full
Postal Code
V5Z 3G6
Zoning
RS-1
Ownership
Freehold NonStrata
Parking
Garage Double
Tax Amount
$21,945.60
Tax Year
2024
Board Or Association
Greater Vancouver
Heating
Yes
Heat Type
Electric, Natural Gas
Garage
Yes
Garage Spaces
2
Carport
Yes
Levels
Two
Number Of Floors In Property
2