Lions Bay looks to add one single-family, residential lot to limited stock

The Village of Lions Bay, north of West Vancouver, only has 554 single-family, residential lots.

Now, the compact municipality that sits tightly against a mountainside overlooking Howe Sound is hoping to do the somewhat novel thing of adding one more single-family lot to its count.

Recently, a portion of an off-ramp where the Sea to Sky Highway meets Kelvin Grove Way was closed. Out of this, Lions Bay saw a chance to carve out a triangular-shaped chunk of land and make a new home lot.

The municipality is taking this lot to the Land Title Office for registration and will assign it a new address of 35 Kelvin Grove way.

It is also looking to hire a licensed realtor to help it sell the lot for “the highest net value possible.”

Craig Doherty, of Sotheby’s International Realty Canada, who lives and works in Lions Bay, is applying and explained why he thinks a new lot might be rather coveted.

“On a macro level, over the course of time, Lions Bay has gone from being about affordability and a hippie place in the late 1960s and 70s to, I sense, a place heading toward Monterey or Carmel on the (U.S. West) coast,” he said. “But then, it only has about 550 single-family homes.”

Lions Bay council is looking at ways to add subdivisions, coach houses or duplexes, he said.

Last year, a 66,000-square-foot single-family lot was created at Brunswick Beach in Lions Bay and is on the market for $2.7 million.

Mayor Karl Buhr said there are plans to create about six, new parcels of land like this when there is a window due to situations such as “excess road allowance” or changes in “right of way.”

There’s no timeline for identifying or creating these other potential lots, but they might also include sites that may have seemed “unbuildable” in the past, but could now be considered for single-family, residential zoning thanks to advances in construction technology, said Buhr.

In the case of the Brunswick Beach lot, Buhr said it had long existed as a vacant plot to provide access to the ocean as drawn in subdivision plans dating back to 1909 and, for some reason, a land title office in Winnipeg.

At that point in time, some of these lots would have been accessible by boat only. Now, it sits in between two houses.

“Someone there described it as an esplanade, which makes you think they had never actually seen it,” since it …read more

Source:: Vancouver Sun – Business

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