Multiplex Development Opportunity in Mount Pleasant! Investor or Builder Opportunity! Can’t decide between a duplex, multiplex, or rental project? This property offers the flexibility to pursue multiple options under the new R3-3 zoning guidelines. Situated on a 49.5’ x 122’ lot in desirable Mount Pleasant, this home presents a rare chance to redevelop in one of Vancouver’s most sought-after neighbourhoods. Whether you’re looking to build a duplex, multiplex, or rental-focused multiplex following R1 regulations, the possibilities are wide open for the right vision. Just steps from shopping, restaurants, the Seawall, and more, this is a prime opportunity to build for eager buyers in one of Vancouver’s most desirable neighbourhoods. Contact me for more details.
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Property History
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| Status | Date | Price |
|---|
Rooms
| Floor | Type | Dimensions |
|---|---|---|
| Main Level | Bedroom | 10'5 x 10'5 ft |
| Main Level | Family Room | 12'10 x 12'10 ft |
| Main Level | Living Room | 14'3 x 14'3 ft |
| Main Level | Foyer | 12'0 x 12'0 ft |
| Main Level | Kitchen | 12'3 x 12'3 ft |
| Main Level | Mud Room | 5'6 x 5'6 ft |
| Above Level | Den | 9'1 x 9'1 ft |
| Above Level | Living Room | 14'7 x 14'7 ft |
| Above Level | Bedroom | 12'0 x 12'0 ft |
| Above Level | Dining Room | 12'10 x 12'10 ft |
| Above Level | Kitchen | 12'10 x 12'10 ft |
| Above Level | Dining Room | 9'11 x 9'11 ft |
| Above Level | Primary Bedroom | 12'3 x 12'3 ft |
| Below | Bedroom | 9'7 x 9'7 ft |
| Below | Recreation Room | 13'6 x 13'6 ft |
| Below | Storage | 23'11 x 23'11 ft |
Bathrooms
| Floor | Ensuite | Pieces |
|---|---|---|
| Above Level | No | #3 |
| Below | No | #1 |
NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.
Public Schools
Information includes BC Government Open License data; school details change often and are offered solely as general guidance.
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Closest Transit
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Welcome to the vibrant neighborhood of Mount Pleasant in Vancouver, BC, where the charming 654 E 7th Avenue home with MLS® R3073067 is nestled. As we walk through this beautiful community, let's start by highlighting the excellent education options available to families.
The property is serviced by Mount Pleasant Elementary School, which is just a short 0.33 km away. Although the school has a rating of No Rating, families love this area because of its excellent reputation for nurturing young minds. Just down the road, you'll find Vancouver Technical Secondary School, located 5.44 km from the property. This school also boasts a No Rating, but its proximity to the home makes it an ideal option for families.
However, if you're looking for a more elite education experience, you might be interested in St. Francis Xavier, the closest Elementary independent school, rated 9.8/10 and located just 0.47 km from the home. Alternatively, Columbia College, the closest Secondary independent school, with a No Rating, is situated 0.91 km away.
Now, let's talk about the safety and security of the neighborhood. The latest crime data from Statistics Canada (2020) indicates that this area has an Average crime rate, with 52,217 incidents reported. This translates to a rate of 7,470.82 incidents per 100,000 population, which is comparable to other Canadian cities. In fact, the year-over-year change in the total crime rate is a remarkable -14.94%. To put this into perspective, the neighborhood's crime rate is Average compared to other areas in the country.
As for specific types of crime, the property crime rate is Above Average, with a rating of 5,020.27 incidents per 100,000 population. However, the good news is that the year-over-year change in the property crime rate is a significant -20.80%. Violent crime rates are also Below Average, with a rate of 1,311.69 incidents per 100,000 population. This is a testament to the neighborhood's commitment to public safety.
Now, let's explore the transportation options in the area. The closest Bus station, Westbound E Broadway @ Fraser St, is a mere 0.17 km away from the property with MLS® R3073067. This convenient access to public transportation makes it easy to get around the city without a car.
Demographically, this neighborhood is a hub of diversity and education. A whopping 46.6% of residents hold a university certificate or degree, which is High compared to other areas in BC. In contrast, only 7.3% of the population has no certificate or degree, making it a Low compared to the average in BC.
In terms of income, the median household income in the area is $58,832, which is Below Average compared to other areas in British Columbia. However, the median personal income is $41,461, which is Above Average compared to the BC average. Furthermore, 74.3% of households in the area have a mortgage, which is High compared to other areas.
The unemployment rate in this area is a Low 4.9%, making it an attractive option for those looking to start a career or business. Population growth in the area has been High, with a 22.3% increase between 2011 and 2016.
This community is also known for its high population density, with 4,702.9 people per square kilometer. The average family size is relatively small at 2.3 people, which is Low compared to other areas. However, 32% of families in the area have children, which is Low. The percentage of married or living common law couples is also Low at 46.5%.
In terms of age, the average age of the population in this area is 38.9 years old, which is Below Average compared to other areas in BC. The average value of dwellings in the area is $512,551, which is Above Average compared to other areas in British Columbia.
Finally, let's talk about the housing market. The average owner payments in the area are Above Average, with an average of $1,475 per month. Tenants, on the other hand, are paying an average of $1,128 per month, which is also Above Average compared to other areas.
In conclusion, the 654 E 7th Avenue home with MLS® R3073067 is an excellent choice for those looking for a safe, educated, and diverse community. With its excellent schools, Average crime rate, and convenient access to public transportation, this property is sure to please even the most discerning buyer.
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