5-Storey Building Proposed for Lynn Valley Town Centre
A rezoning application has been filed for a site a land assembly at 1325-1335 Draycott Road, a cul-de-sac off Lynn Valley Road just north of Lynn Valley Mall. The project by Milori Homes, consists of 35 condo units in a five storey building.
The site is currently zoned commercial C2, but is designated as Residential Level 5 & 6 in the Official Community Plan. RES5 envisions lowrise apartments up to approximately 1.75 FSR and RES6 envisions medium rise apartments up to 2.5 FSR. A blended density of 1.91 FSR has been calculated for this project based on the site area of each designation.
The units will be a mix of 2 & 3 bedrooms. A proposed CAC of $53,557 is being charged to the developer.
This has now been approved. I like the size of the building, as well as the unit mix. we need more 2-3 bedrooms on the North Shore. specifically with family focused Lynn Valley.