LAND & DEVELOPMENT

Could Your Property Be Worth More Than You Think?


Recent changes to BC's housing legislation have created new redevelopment opportunities for many residential properties throughout Metro Vancouver.

Depending on your property's size, zoning, location, and proximity to transit, your land may now accommodate multiple homes where only one was previously permitted.

Whether you're thinking about selling, building, renovating, or simply planning for the future, understanding your property's development potential is an important first step.

Why This Matters


Neighbourhoods across Metro Vancouver are evolving.

Older single-family homes are increasingly being replaced with duplexes, multiplexes, laneway homes, and other forms of housing that better meet today's housing needs.

For many homeowners, this means their property's value may extend well beyond the existing house itself.

Today, land characteristics such as lot size, zoning, transit access, and redevelopment potential can play a significant role in determining market value.

Could Your Property Have Additional Development Potential?


Factors that may influence redevelopment potential include:

• Lot size and dimensions
• Current zoning
• Municipal regulations
• Sewer and water servicing
• Proximity to transit
• Corner location
• Lane access
• Topography
• Easements and rights-of-way
• Tree retention requirements
• Heritage considerations

Every Property is Unique!


Depending on these factors, your property may be suitable for:

✓ Duplex
✓ Triplex
✓ Fourplex
✓ Sixplex (in certain transit-oriented areas)
✓ Laneway Home
✓ Secondary Suite
✓ Future redevelopment opportunities

A detailed property review is required before determining what may ultimately be permitted.

My Complimentary Land Review


One of the services I offer is a complimentary preliminary Land Review designed to help homeowners better understand their property's redevelopment potential.

During this review, I examine factors such as:

✔ Lot dimensions

✔ Current zoning

✔ Applicable municipal regulations

✔ Transit proximity

✔ Development activity in the neighbourhood

✔ Comparable redevelopment sales

✔ Potential redevelopment opportunities

✔ Site characteristics that may influence future development

My goal isn't to sell you something.

It's simply to provide information that helps you make informed decisions about one of your largest financial assets.

Why Homeowners Should Care


Even if you have no intention of redeveloping your property yourself, understanding its development potential can still be valuable.

Builders and developers often evaluate properties differently than traditional homebuyers, and redevelopment opportunities may influence how a property is marketed and valued.

Understanding your property's potential can help you:

✓ Make more informed selling decisions

✓ Better understand your property's value

✓ Evaluate builder or developer offers

✓ Plan future renovations

✓ Explore redevelopment possibilities

✓ Make long-term family and financial plans

What Changed? (Bill 44 overview)


To help address British Columbia's growing housing needs, the Province introduced Bill 44 – the Housing Statutes (Residential Development) Amendment Act, 2023.

Municipalities across British Columbia were subsequently required to update many of their zoning bylaws by June 30, 2024, permitting greater housing density on many residential lots.

While every property is different, many lots that once permitted only a single detached home may now accommodate a broader range of housing options, subject to municipal regulations and site-specific conditions.

Curious About Your Property's Potential?


Whether you're planning to sell, build, renovate, or simply want to understand how recent housing changes may affect your property, I'd be happy to prepare a complimentary preliminary Land Review.

There is no obligation and no sales pressure—just professional insight to help you better understand your property's possibilities.

Request Your Complimentary Land Review Today!

Get In Touch

Bradley Wattum

Mobile: 604-805-8885

Phone: 604-620-6788

bradley@bradleywattum.com

Office Info

Oakwyn Realty

3195 Oak St  Vancouver,  British Columbia  V6H 2L2 

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