North Van Rental Proposal Targets Apartment Density
A rezoning application in North Vancouver intends to replace two low-density apartment buildings with a new 6-storey rental apartment building and could be a good model for other rental projects in the City of North Vancouver and elsewhere in the Lower Mainland.
The proposal for the 12,014 SF site at 362-368 East 3rd Street is to replace two older apartment buildings with a combined total of 11 apartments, with 40 rental units in a new 6-storey building. The proposed density is 2.6 FSR per the recently adopted OCP for the area. The plan includes only 9 parking stalls on the surface at the rear of the new building.
The unit mix includes:
- Nine 3-bedroom units
- Ten 2-bedroom units
- Six 1-bedroom units
- Fifteen studio unit
Because the proposed project is 100% secured rental housing, there will be no community amenity contribution.
Current Site Condition
The application is still preliminary and requires council approval to move through the standard rezoning process.
Own an apartment building in Metro Vancouver? I can provide a confidential opinion of current market value. — David Taylor, Colliers · 604-761-7044
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