High-rise development site for sale. Located near the corner of Cambie St and W 41st Ave, Oakridge Centre and Oakridge Skytrain are just across the street. Site is less than 60 second walk to the Canada Line Skytrain.
Cambie Corridor OCP allows re-zoning for 18-storeys on 4-storey podium building. Future building will have spectacular views north and south.
Subject site is 6,283 sq ft with 51.5 ft of frontage on W 42nd Ave and laneway on two sides. Neighbouring three properties (18,849 sq ft) are listed with Colliers International. Colliers’ information and brochure is at the following link: http://www.collierscanada.com/25733#.W6FTuf5KhhE
Total site is 4 lots and 25,132 sq ft. Buildable sq ft is close to 140,000.
Cambie Corridor OCP allows for increased height and density up to 18-storeys when:
Multifamily Real Estate Services Corporation has connections with below-market rental operators and social housing providers. Please talk with us about options for any non-market components in your plan.
A minimum 90 ft tower separation will be required (see photos) with a maximum of two towers per block. Future tower placement will be determined by the first tower in the block or within the adjacent blocks. This site could be the first proposed tower on the block!
Property is co-listed with Shawna Lo, Re/Max Select Properties Ltd.
Address: 475 W 42nd Ave, Vancouver, BC, V5Y 2T3
Legal: Lot 5 Block 857 Plan VAP7737 District Lot 526 Land District 36
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