Amendments to a City of Vancouver  action plan give some Vancouver homeowners some big benefits.

If you own an older Vancouver home, it may be worth exploring if your property is deemed to have “character merit”.

If so,  amendments city council enacted to the Heritage Action Plan on January 16, 2018 may give you valuable and tangible benefits.

Specific benefits you may tap into include:

• Converting your single-family dwelling in an RS zone into a multi-unit or strata property.
• Increasing your floor space ratio (FSR) giving you more livable space.
• Tapping into capital gains by adding rental income or building an infill that can be sold to pay for their renovation or potential give them a capital gain.

If you would like to learn more about this program and explore if your property qualifies under this updated COV program contact us today.