37165-37191 LOUGHEED HIGHWAY, Mission
$2,299,900
This 39,424 sqft property in Mission is a detached single-family home on a lot the new rules make suitable for a multiplex. Under BC's Bill 44 small-scale housing rules, most single-family lots in Metro Vancouver now allow at least three to four homes, and lots near frequent transit can allow up to six. Confirm the exact number for this lot against the city's own zoning.
A packaged deal with 2 properties & 3 PID's! Rare commercial and residential investment opportunity on Lougheed Highway in East Mission Dewdney!! Offered together are 37165 and 37191 Lougheed Highway and there is approximately 39,424 sq. ft of land (0.91 acre). The property includes an established mixed used commercial building with a restaurant space along with a separate retail unit available for lease and a two-storey residential home with 3 Bedrooms & 1 Bathroom. Ideal for an owner user, investor or live/work setup, with the potential to operate a business and generate multiple income streams all on one property. FVRD C-2 zoning permits food service, general commercial, residential and parking Lot uses, subject to applicable approvals. Excellent highway exposure.
How this price compares
This lot asks $58 per square foot of lot. That is 27% below the median of $80 across the 103 active lots VanPlex is showing in Mission, and puts it 36 of 103 from cheapest to most expensive. Asking prices only, taken from the current MLS® feed.
Land price per square foot is only one input. Frontage, lane access, slope, and how many homes the zoning actually allows decide what a lot is worth to a builder.
Lot and property details
- Price
- $2,299,900
- Lot size
- 39,424 sqft
- Lot dimensions
- 60 x
- Frontage
- 60 ft
- Bedrooms
- 3
- Bathrooms
- 1
- Year built
- 1920
- MLS® area
- Dewdney Deroche
- MLS® number
- R3175030
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Listing data via MLS®. Displayed for information only.