475 W 42nd Ave Vancouver

$10 100 000
MLS No: Exclusive
Property type: Development Land

Specifications

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

Description

SOLD high-rise development site.  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 also listed for sale. Total site is 4 lots and 25,132 sq ft.  Buildable sq ft is nearly 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

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 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
801 - 938 Howe Street
Vancouver, BC, V6Z 1N9
In the rarified realm of rental development and multifamily property investing in British Columbia, Seth Baker is a true standout. As the owner and founder of Multifamily Real Estate Services, Seth has become a formidable force in this fiercely competitive industry. Read on to find out how his unique background, traits, education, work experience and zest for continual improvement have converged to make him one of the most respected professionals in the Vancouver apartment building brokerage world. Seth’s company, Multifamily Real Estate Services, is a widely respected real estate brokerage firm that specializes in connecting professional real estate investors with lucrative opportunities in Metro Vancouver and throughout the province. Located directly in the city, the company assists in the sale of some of the most valuable apartment buildings in the world. Seth’s commitment to forging powerful relationships with multifamily investors and developers provides a unique ability to help all parties…




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