Potential future high-rise development opportunity ideally located just 200 metres from the Joyce–Collingwood Station, offering exceptional convenience and easy access to transit. !! The main floor features 2 bedrooms and 1 bathroom, while the upper level offers a spacious primary bedroom with ensuite. The lower floor includes 1 bedroom, a flex room, and an additional bathroom — ideal for extended family living. Also below is a 2-bedroom, 1-bath mortgage helper, plus a separate 1-bedroom, 1-bath laneway home for added rental income or multigenerational living. This property is part of a 5-lot land assembly . Designated under the Joyce-Collingwood Station Precinct Plan with potential for up to 4.5 FSR and 14-storey development potential.
Address
5045 Payne Street
List Price
$2,500,000
Property Type
Residential
Type of Dwelling
Single Family Residence
Style of Home
Laneway House
Structure Type
Residential Detached
Transaction Type
Sale
Area
Vancouver East
Sub-Area
Collingwood VE
Bedrooms
7
Bathrooms
5
Floor Area
1,926 Sq. Ft.
Main Floor Area
803
Lot Size
3267 Sq. Ft.
Lot Size Dimensions
33 x
Lot Size (Acres)
0.08 Ac.
Lot Features
Central Location, Lane Access, Recreation Nearby
Lot Size Units
Square Feet
Total Building Area
1926
Frontage Length
33
Year Built
2012
MLS® Number
R3128565
Listing Brokerage
eXp Realty
Basement Area
None
Postal Code
V5R 4J5
Zoning
R1-1
Ownership
Freehold NonStrata
Parking
Detached
Parking Places (Total)
1
Tax Amount
$7,302.55
Tax Year
2025
Site Influences
Balcony, Central Location, Lane Access, Recreation Nearby
Exterior Features
Balcony
Appliances
Washer/Dryer, Dishwasher, Refrigerator, Stove
Board Or Association
Greater Vancouver
Heating
Yes
Heat Type
Radiant
Levels
Three Or More
Number Of Floors In Property
3