475 W 42nd Ave, Vancouver Vancouver

$12 000 000
MLS No: Exclusive
Property type: Development Land

Specifications

  • Land Size: 6,283 Sq Ft
  • Land Dimensions: 51.5 x 122

Description

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.

Development Options

Cambie Corridor OCP allows for increased height and density up to 18-storeys when:

  • 100% of the residential floor area is secured rental housing with a minimum of 20% provided as below-market rental, or
  • A minimum of 30% of the residential floor area is provided as social housing

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.

Property Identification

Address:  475 W 42nd Ave, Vancouver, BC, V5Y 2T3

PID: 010-337-253

Legal: Lot 5 Block 857 Plan VAP7737 District Lot 526 Land District 36

Contact the Agent

Seth Baker

Managing Broker & Owner
Phone
(778) 235-9293
Fax
(778) 650-0350
Address
119 W Pender St, Suite 104
Vancouver, BC, V6B 1S5
Combine bold entrepreneurship, unique data analysis and elite salesmanship, and you have Seth Baker. As Owner of Multifamily Real Estate Services, Seth takes on challenging responsibilities, such as founding his own real estate brokerage company and selling some of the world’s most valuable apartment buildings. He is a master communicator and skillful analyst. His impressive technology background allows him to maintain priceless market data while building powerful relationships with multifamily investors and developers. Ask him about how to get people to agree. It’s his secret talent. Seth Baker has led an impressive career in real estate brokerage. He is personally responsible for more than $87,000,000 in real estate sales, a number that’s growing daily.  He has contributed to a number of industry organizations including LandlordBC, Vancouver Board of Trade, BC Non-Profit Housing Association, Greater Vancouver Home Builders Association and Urban Development Institute. He received his Managing Broker’s Licence through UBC’s…





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