*** Investment opportunity*** Check out this amazing 25,000 sq ft flat rectangular lot. Recently rezoned from RS1 to RS-2. This property offers significant development potential. The new zoning permits the construction of up to five 4,000 sq ft lots, making it an ideal ready-to-build project for developers. You can also choose to hold and renovate the existing three grandfathered dwellings, which can generate a rental income of approximately $4000-4500. Currently, one of the houses is tenanted on a month-to-month basis, providing immediate revenue. This lot is among the best in the area, located in a highly desirable neighborhood close to the University of the Fraser Valley, hospital, schools, and recreational facilities. Opportunities like this are rare, so ACT NOW to secure this gem.
| Address | 19919 SILVERHOPE ROAD |
| List Price | $1,389,000 |
| Property Type | Residential Detached |
| Type of Dwelling | House/Single Family |
| Style of Home | Rancher/Bungalow |
| Area | Hope & Area |
| Sub-Area | Hope |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Floor Area | 572 Sq. Ft. |
| Lot Size | 26243 Sq. Ft. |
| Year Built | 1956 |
| MLS® Number | R2891567 |
| Listing Brokerage | Sutton Premier Realty | Century 21 Coastal Realty Ltd. |
| Basement Area | None |
| Postal Code | V0X 1L2 |
| Zoning | RS-2 |
| Tax Amount | $3,066 |
| Tax Year | 2023 |
| Amenities | None |
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