The City of North Vancouver is considering a fairly major area-wide rezoning for a neighbourhood known as Moodyville, just East of Lower Lonsdale. The rezoning follows on the City’s new OCP, adopted in 2015, which included a specific policy direction to create new zones within Moodyville, a predominantly single family and duplex area which the City has targeted for new growth.
Moodyville is…“currently comprised of 306 legal lots and approximately 490 units with an estimated population of 1,000. With the land use changes outlined in the 2014 OCP in place which introduce new potential for apartment, townhouse and duplex development, this area has the long-term capacity for an additional 1,400 units (roughly 3,000 new residents) for a total build-out population of approximately 4,000.”
The six proposed new zones will create opportunities for ground-oriented and apartment development. The proposed zones are as follows:
An amenity fund contribution of $20 per net buildable square foot applies to the floor area above the existing zoning and up tot eh OCP maximum density. It is estimated that the whole plan area in question will generate approx. $25 Million in amenity contributions.
Existing Moodyville Land Assemblies
A couple of developers have already secured sizeable land assemblies in Moodyville over the last year. These include:
Seacliff Properties
- 50 residential lots in the Southeast part of Moodyville
- Average anticipated density of 1.25 FSR
- Townhouse, stacked townhouse and 4-storey apartments
Qualex Landmark
- 14 residential lots along East 3rd Street (700-800 block)
- Stacked townhouse and/or 4-storey apartments
The Moodyville Area will be hooked up to the Lonsdale Energy Corporation, a district energy system initiative by the City of North Vancouver.
The above data contains all downtown Vancouver condo resales. For simplicity, all luxury condo sales above $2,000 per SF were removed (approx. 40 sales).
