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753 E 55TH Avenue
South Vancouver Vancouver V5X 1N8

$3,639,000
Residential Detached beds: 9 baths: 4.0 2,395 sq. ft. built: 1967

Main Photo: 753 E 55TH Avenue, Vancouver - South Vancouver
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Status:
Active
Prop. Type:
Residential Detached
MLS® Num:
R2950188
Bedrooms:
9
Bathrooms:
4
Year Built:
1967
INVESTOR & BUILDER ALERT! Exceptional opportunity in South Vancouver. This expansive 7,900 SQFT lot offers potential for development, allowing upwards of 8 units with future multi-family zoning possibilities (verify with the City). Positioned on the high side of the street, enjoy stunning southern views of Richmond and the Fraser River. Currently owner-occupied with two rented basement units, providing significant rental income while awaiting permits. Located in a vibrant area near Fraser Street, Main Street, 49th Avenue, and Punjabi Market, this property is surrounded by amenities, shopping districts, and transit. A solidly built home with renovations over the years, ideal for holding as an investment or pursuing development potential. Don’t miss this rare opportunity!
Property Type:
Residential Detached
Dwelling Type:
House/Single Family
Year built:
1967 (Age: 57)
Total area:
2,395 sq. ft.
Total Floor Area:
2,395 sq. ft.
Main Floor Area:
217 sq. ft.
Levels:
2
Bedrooms:
9 (Above Grd: 4)
Bathrooms:
4.0 (Full:4/Half:0)
Taxes:
$11,289.1 / 2024
Lot Area:
7,895.66 sq. ft.
Lot Frontage:
86'11"
Lot Depth:
90.72
Outdoor Area:
Balcny(s) Patio(s) Dck(s), Fenced Yard
Plan:
VAP4873
Basement:
Fully Finished
Fireplaces:
0
Parking Total/Covered:
4 / 2
Title to Land:
Freehold NonStrata
Clothes Washer/Dryer/Fridge/Stove/Dishwasher, Drapes/Window Coverings, Smoke Alarm, Sprinkler - Fire, Storage Shed, Windows - Thermo
Adult Oriented, Central Location, Private Setting, Private Yard, Shopping Nearby
None
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Listed by eXp Realty of Canada, Inc.
Data was last updated December 22, 2024 at 12:10 PM (UTC)
Area Statistics
Listings on market:
45
Avg list price:
$2,398,000
Min list price:
$1,549,000
Max list price:
$4,488,000
Avg days on market:
110
Min days on market:
6
Max days on market:
342
Avg price per sq.ft.:
$1,072.6
These statistics are generated based on the current listing's property type and located in South Vancouver. Average values are derived using median calculations.
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BC properties for sale - Real Estate Basics

When you are planning to buy a property for sale, you should consider your lifestyle and budget, as well as how much you want to be involved in home maintenance. Here are some important considerations in selecting a home from the properties for sale:

Always have a Home Inspection done on the property!

If the home is less then 10 years old, check the Home Warranty provided for the property.

If the property is part of a Strata Corporation, it is very important to read and understand all the Strata documents, to determine the strata status before making a purchase decision.

These are the most common docs:

  • Current Form B
  • Bylaws & Rules
  • Strata Minutes including AGM, SGM
  • Rental Disclosure Statement
  • Engineering Reports
  • Depreciation Reports
  • Current Financial Statements
  • Insurance Certificate

If the home was built before 1990 it is important for you to know about the health risks associated with asbestos. See more details about asbestos in our Home Renovations blog page.

The location is always extremely important! You should consider the time you lose commuting to your work, the schools that are in the neighbourhood, access to amenities, shopping, parks, etc. You should also sick information about the Radon levels in the area & home. Radon might be a health issue if the level present in your home is higher. Find more information on our Radon blog page.

Before completing a transaction on a property, check the Property Ownership Types available in British Columbia.

Make sure you a know about the programs and incentives available for First Time Home Buyers if you are one!

If you are buying a property that is tenanted, check the different rules that apply for Tenant Occupied Properties.

Find other important information you have to know when you are buying a property on our Real Estate Blog Pages.

To learn about Consumer Protection in BC Real Estate Market visit BCFSA (BC Financial Services Authority).

You should also check the prices for the recently Sold homes/ properties/ real estate in your neighbourhood! You can find them searching on the Communities pages or searching Residential by Map All MLS ® Sold Listings are available!