2255 E 24th Ave, Vancouver, BC | MLS^® R2996755 Property Details

Rare investment opportunity to acquire 7 lots (37,415 SF) with a further possibility to obtain 2 vacant city lots (12,565 SF) totaling almost 50,000 SF (49,980 SF) and 1.15 acres. This T.O.D. ( Transit Oriented Development) is approximately within the city's 200 meter requirement for a higher density development of a potential 30 storey and 5.0 FSR development. This development site is a short walk to the Nanaimo Street Skytrain station, and only a 12 minute train ride commute to downtown as well as a breathtaking 360 degree Panoramic city and mountain views. Land assembly includes 2219, 2231, 2235, 2240 E. 24th as well as 2246 & 2256 Vaness Avenue

General Info

Price $6,650,000

Total Bedrooms 3

Total Bathrooms 1

Half Bathrooms 0

Floor Area Total (sqft) 1080

Lot Size 6955

Lot Size Depth Feet

Lot Size Frontage 0

Basement Partial

Basement Features BasementFeatures

Property Metrics

Year Built 1964

Age Of Building 61

Building Type Single Family Residence

Property Type Residential

Stories 2

Building Features BuildingFeatures

Structures Residential Detached

Additional Details

MLS^® # R2996755

Area Vancouver East

Neighbourhood Victoria VE

City Vancouver

Gross Taxes $7,946.54

Ownership Type Freehold NonStrata

Maintenance Fee -

Fixtures Included -

Heating & Cooling

Fireplace -

Heating Type Other

Utilities

Utility Type Electricity Connected, Water Connected

Utility Sewer Public Sewer, Sanitary Sewer, Storm Sewer

Water (WaterSource) Public

Parking

Parking Type Open

Total Parking Spaces 0

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Strata Restrictions -

Rental Restrictions -

Zoning R1-1

Rental Suites None

# of Kitchens 0

Foundation Concrete Perimeter

Locker -

View -

View Description -

Units In Development -

Sewer Public Sewer, Sanitary Sewer, Storm Sewer

Roof Asphalt

Property History

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Status	Date	Price

Rooms

Floor	Type	Dimensions
Main Level	Primary Bedroom	12'5 x 12'5 ft
Main Level	Bedroom	12'5 x 12'5 ft
Main Level	Bedroom	11'7 x 11'7 ft

Listed by: Sutton Group-West Coast Realty

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.

Neighborhood Info

Public Schools

Elementary

John Norquay Elementary School

Average

0.98 km

6.6/10

Secondary

Gladstone Secondary School

0.17 km

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary

Westside Montessori Academy

1.03 km

Elementary, Secondary

Stratford Hall School

1.16 km

Closest Transit

Translink

Southbound Nanaimo St @ E 22 Ave

0.23 km

Skytrain

Skytrain @ Nanaimo Stn

0.25 km

Noise/ Power Lines

Road/Hwy Noise

Possible

Railway/Sky train Noise

Possible

Airport/Port Noise

Unlikely

Close to major Power Lines

Unlikely

Other

Agricultural Land Reserve (ALR)

Unlikely

Flood Area

Unlikely

Close to Cemeteries

Unlikely

Welcome to 2255 E 24th Avenue, a vibrant and diverse neighborhood in Vancouver, BC!

As we step into this wonderful community, I'm excited to share with you the highlights of living in this area. Let's start with the schools, a top priority for families.

Top-rated schools in the neighborhood

Our home, located at 2255 E 24th Avenue, Vancouver, BC (MLS^® R2996755), is serviced by John Norquay Elementary School, ranked 6.6/10 by locals and parents. The school is just a short 0.98 km walk from our front door. We're also close to Gladstone Secondary School, with a rating of No Rating, located 0.17 km away. For families seeking an independent school, Westside Montessori Academy is a great option, with a No Rating, just 1.03 km from our home. Meanwhile, Stratford Hall School, an independent secondary school, boasts a stellar 8.7/10 rating and is 1.16 km from our property.

Safety first: Crime statistics

According to the latest crime data from Statistics Canada (2020), this neighborhood has an overall crime rate of 7,470.82, which is Average compared to other Canadian cities. With a 52,217 incidents in 2020, you'll feel safe walking around your neighborhood. The crime rate has even decreased by -14.94% year-over-year, making this a great area to call home.

Breaking down crime statistics

The drug crime rate is Average, with 1,604 incidents in 2020 and a rating of 229.49.
Property crimes are Above Average, with 35,089 incidents in 2020 and a rating of 5,020.27.
Violent crime rates are Below Average, with 9,168 incidents in 2020 and a rating of 1,311.69.

Getting around

Our home is conveniently located near public transportation, with the Southbound Nanaimo St @ E 22 Ave bus stop just 0.23 km away (MLS^® R2996755).

Demographics and lifestyle

This neighborhood is a hub for educated and diverse residents. A whopping 29.7% of the population holds a university certificate or degree, making it Above Average compared to other BC neighborhoods. However, 21.8% of the population has no certificate or degree, also Above Average.

Income and employment

The median household income in this area is $72,290, Average compared to the British Columbia average. Meanwhile, the median personal income is $27,365, Below Average. A significant 56.2% of households in this census subdivision own their homes, which is Average.

Unemployment and growth

Unemployment rates in this area are Low, at 4.9%, compared to other province neighborhoods. The population growth between 2011 and 2016 was 0%, Average in comparison to average growth rate of this region.

Dwelling values and ownership

The average value of dwellings in this neighborhood is a substantial $1,263,529, making it High compared to other areas in British Columbia. Average owner payments for dwellings are High, at $1,625, while tenants pay $1,059, which is Average.

Language and transportation

A significant 43.1% of the population in this district are renters, making it Above Average compared to other BC cities and areas. English and French speakers make up 7.8% of the population, which is Average. However, 79.3% of the population speaks only English, making it Below Average. Meanwhile, 12.8% of the population speaks neither English nor French, which is High.

Transportation habits

Residents in this area are taking advantage of public transportation, with 33.9% of the population using it, which is High. However, 53.3% of the population uses cars, which is Low. 7.8% of the population uses bicycles, making it High, and 4% of the population walks, which is Average.

Experience the best of Vancouver, BC, at 2255 E 24th Avenue

This vibrant and diverse neighborhood offers a unique blend of safety, education, and lifestyle opportunities. With top-rated schools, Average crime rates, and a mix of renters and homeowners, this area has something for everyone. Come and experience it for yourself – let's schedule a viewing today!

2255 E 24th Ave, Vancouver, BC, MLS^® R2996755