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

40-Unit Building Proposed for Marpole Site

A rezoning application has been submitted for a 15,177 SF, four-lot assembly mid-block site at 8444-8480 Oak Street. The proposal is for a six-storey residential building that includes:

  • 40 condo units;
  • 19 one-bedrooms, 12 two-bedrooms & 9 three-bedrooms;
  • a total density of 2.50 FSR;
  • a building height of 65 ft.; and
  • two levels of underground parking with 56 vehicle parking spaces and 53 bicycle spaces.

The application is being considered under the Marpole Community Plan.

The architect for the project is AVRP Architecture.

The site sold in 2016 for $9,002,000, or $237 per buildable SF based on the application.

November 29, 2017by 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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