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23-Unit Townhouse Development Planned for Lower Capilano

PC Urban has submitted a rezoning application and OCP amendment for a 5-lot land assembly in the Lower Capilano area of North Vancouver. The site, sold by our team in 2015, is located on the northwest corner of Fullerton Avenue and Glenaire Drive, at the edge of the Capilano River Regional Park.

The lots in question were part of a larger zoning redesignation effort by the District of North Vancouver in 2015, which resulted in several blocks in the area being allowed for townhouse rezoning under the new OCP.

The plan is to redevelop five residential lots located at 1946 -1998 Glenaire Drive to allow a new 3-storey townhouse development, including:

  • 23 three-bedroom townhouse units
  • Unit sizes ranging from 1,726 SF to 2,322 SF
  • three separate buildings
  • onsite public pathway adjacent to the Capilano River
  • a total density of 1.07 FSR
  • a community amenity contribution of $121,581
  • 46 underground parking stalls

1948 Glenaire1948 Glenaire_21948 Glenaire_31948 Glenaire_1

March 23, 2017by david.taylor@colliers.com

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David Taylor - Senior Vice President @ColliersCanada. Chronicling investment and development activity in Vancouver. Views are my own.

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howard__24 Howard Chai @howard__24 ·
22h

Exclusive:

Brookfield has flipped the Shangri-La Vancouver (now Hyatt) retail podium to Aquilini Group for $55 million. Brookfield bought the property last summer.

Full story:

https://howardchai.substack.com/p/shangri-la-vancouver-hyatt-retail-brookfield-aquilini

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vancouvermrkt Vancouver Market @vancouvermrkt ·
22 Feb

SOLD: East Vancouver Retail & Apartment Building
https://vancouvermarket.ca/2026/02/22/sold-east-vancouver-retail-apartment-building/

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northshorenews North Shore News @northshorenews ·
17 Feb

12-unit Gleneagles townhouse project proposed in West Vancouver

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vancouvermrkt Vancouver Market @vancouvermrkt ·
31 Jan

A new proposal has surfaced for the parking lot next to Waterfront Station.

The redesigned project includes a 26-storey, 416,000 SF office tower, shaped like a tree, cantilevered over the existing station building.

Architect: James Cheng

Details: https://bit.ly/46aUB0W

4

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