5875 REEF ROAD, Sechelt
$1,990,000
This 136,778.4 sqft property in Sechelt 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.
Developer alert! 3.14 acres of gently sloping land located close to town center. 4th Reading passed, Rezone and OCP adoption has been done, ready for DP. 49 Units townhouses can be developed. There is currently an older home on the property which is rented now. Action now!
How this price compares
This lot asks $15 per square foot of lot. That is 82% below the median of $83 across the 40 active lots VanPlex is showing in Sechelt, and puts it 3 of 40 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
- $1,990,000
- Lot size
- 136,778.4 sqft
- Lot dimensions
- 213 x
- Frontage
- 213 ft
- Bedrooms
- 3
- Bathrooms
- 1
- Year built
- 1972
- MLS® area
- Sechelt District
- MLS® number
- R3170643
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Listing data via MLS®. Displayed for information only.