1636 Frances Street

Exceptional detached opportunity one block in from Commerical Street. This character home features two self-contained suites, perfect for investors, builders, or upsizers. The main floor is tenanted at $3,400/month with a fixed lease until Oct 2026, providing solid holding income, while the upper suite operates as a short-term rental with strong revenue potential. Architectural drawings are complete for a front-and-back duplex at 1.0 FSR, with the DP soft-approved by the city and to be issued together with the BP, saving significant time for redevelopment. A good chance to secure income today with major upside for the future. Higher-density potential RM-4 zoning allows for infill development and multi unit conversion with potential for up to 1.4 FSR (Buyer to verify). Open House Dec 07. 2-