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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Condo, Development

29-Units Proposed for Single Cambie Lot

A rezoning application has been submitted for a single corner lot in the Cambie Corridor at the corner of Cambie Street and West 26th Avenue.

The plan for the 10,130 SF site is to redevelop the single family lot to allow a new 6- storey woodframe residential building that includes:

  • 29 condo units;
    • 11 one-bedrooms, 15 two-bedrooms & 3 three-bedrooms;
  • a total density of 2.50 FSR;
  • a building height of 64.5 ft.; and
  • 33 underground parking spaces on two levels and 36 bicycle spaces.
  • multiple roof decks at different levels and a children’s play area.

This rezoning application is being considered under the Cambie Corridor Plan.

The architect for the project is Billard Architecture.

The site was acquired in 2018 for $11,950,000, or $472 per buildable SF.

July 8, 2019by david.taylor@colliers.com
Condo, Development

68-Units Slated for Cambie Street Site

A rezoning application has been submitted for a two-lot land assembly on the East side of Cambie Street between West 27th and West 28th Avenue. The site at 4338-4362 Cambie Street is 20,848 SF.

The proposal consists of a 6-storey residential building that includes:

  • 68 condo units including 6 townhouses at the lane;
    • 42 one-bedrooms, 18 two-bedrooms & 8 three-bedrooms;
  • A total density of 2.75 FSR;
  • A building height of 67 ft.; and 
  • 68 underground parking spaces and 129 Class A bicycle spaces.

This rezoning application is being considered under the Cambie Corridor Plan.

The architect for the project is Arno Matis Architecture.

Matis also designed a project one block North, which will include 57-units.

The site was acquired in 2017 for $17,500,000 or $305 per buildable SF based on the application.

July 8, 2019by 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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