Vancouver Market - Tracking commercial real estate investment sales across Metro Vancouver — sale prices, cap rates, and $/SF data for apartment, retail, office, land, and development transactions. By David Taylor, SVP at Colliers International Canada.
Vancouver Market - Tracking commercial real estate investment sales across Metro Vancouver — sale prices, cap rates, and $/SF data for apartment, retail, office, land, and development transactions. By David Taylor, SVP at Colliers International Canada.
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Development

Two Oak Street Properties Proposed for Rowhouses

Two properties on Oak Street go before City of Vancouver council next week seeking rezoning for rowhouse developments.

6110-6170 Oak Street & 975 West 46th Ave is a 42,144 SF site located at the northeast corner of Oak and West 46th Avenue. Listraor Homes is proposing to rezone the property from RS-1 to CD-1 to permit a 33 unit rowhouse development under the guidelines of the Oakridge Langara Policy Statement (OPLS). Listraor purchased the property in 2012 as an assembly of single family lots for a total of $9,295,000.

 

 

 

6010-6050 Oak Street is a 24,574 SF site located on the east side of Oak Street between 43rd and 45th Avenues. The owner is proposing to rezone the property from RS-1 to CD-1 to permit a multiple-dwelling development with 19 strata-titled rowhouse units and 9 lock-off units at a floor space ratio (FSR) of 1.2. This site was an assembly of single family lots purchased in 2010 for a combined value of $5,450,000.

October 11, 2012by david.taylor@colliers.com

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David Taylor Personal Real Estate Corporation

Colliers International

DT

David Taylor

Senior Vice President, Colliers Canada

David Taylor is a Senior Vice President at Colliers International in Vancouver, BC, specializing in the sale of commercial real estate across Metro Vancouver. He has sold over $1.7 Billion in office buildings, retail properties, apartment buildings and development land since 2004.

Vancouver Market chronicles investment and development activity in Metro Vancouver, including sale prices, cap rates, $/SF metrics, and market context for commercial real estate transactions.

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