1550 Philip Avenue North Vancouver, British Columbia V7P 2V8

$6,500,000

Ideally situated redevelopment site features a one-storey wood-frame building currently operating as a restaurant. This unique and attractive property in one of the North Shore's fastest-growing neighbourhoods is ideal for owner use, particularly a restaurant with long-term redevelopment potential. Located just south of Marine Drive and Philip Avenue, the site is near well-established transportation routes that provide easy access to Downtown Vancouver & significant shopping amenities, including Capilano Mall. The neighbourhood is rapidly changing, with several major residential developments underway or in the planning stages, including a new 12-storey hotel and 37-storey mixed-use building on Capilano Road'the tallest on the North Shore. The site is zoned for the development of approximately 30,115 square feet of residential and commercial space. Under the current zoning, the maximum floor space ratio is 1.75 times. The District of North Vancouver's Planning Department is reviewing the current OCP. (id:60504)

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