5517 18TH AVENUE, Tsawwassen
$1,799,000
This 8,278 sqft property in Tsawwassen 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.
EXCEPTIONAL DEVELOPMENT OPPORTUNITY! A unique combination of development potential and immediate rental/living options. 5 townhomes are approved, with Development Permit (DP) drawings available for review. The property also features a recently updated 5-bedroom, 3-bathroom home with a basement suite, providing an excellent option for a buyer who wants to live in the property, generate rental income, or hold the property while planning the approved development. An attractive opportunity for builders, investors, or homeowners looking for future development potential with existing accommodation.
How this price compares
This lot asks $217 per square foot of lot. That is 30% above the median of $167 across the 10 active lots VanPlex is showing in Tsawwassen, and puts it 8 of 10 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
- $1,799,000
- Lot size
- 8,278 sqft
- Lot dimensions
- 77 x 107
- Frontage
- 77 ft
- Bedrooms
- 4
- Bathrooms
- 3
- Year built
- 1973
- MLS® area
- Cliff Drive
- MLS® number
- R3171050
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Listing data via MLS®. Displayed for information only.