526-550 RIVERSIDE DRIVE North Vancouver, BC

Rare North Vancouver townhouse development site! These four lots have been pre-assembled and combine to form a site area of 30,000 SF on Riverside Drive in the Maplewood Village area of North Vancouver. Buyer can rezone per the OCP to allow a townhouse development up to 1.20 FAR {approx. 36,000 SF). Substantial planning and design work already completed for a 27-unit townhouse development with preliminary feedback/support from the District of North Vancouver. Majority of land value supported by underlying four single family houses {combined assessment value $7.lM), currently tenanted at approx. $10,000/mo. This is an excellent opportunity for a small/medium builder to introduce new ground-oriented product to the market in 2024 in a market with virtually no competitive supply.