65-Unit Condo Building Proposed for Ash Street

A rezoning application has been submitted by Pennyfarthing Development for a 4-lot land assembly on Ash Street, just West of Cambie Street. This area was designated for lowrise development as part of the Cambie Corridor Phase 3 Plan.

The proposal for the 29,694 SF site at 4989-5049 Ash Street consists of two 4-storey residential buildings over two levels of underground parking and includes:

• 65 condo units;
  • 25 one-bedrooms, 33 two-bedrooms & 7 three-bedrooms;
• a total density of 2.0 FSR;
• a building height of 57 ft.;
• a partial 5th storey common amenity space; and
• 70 underground parking spaces and 139 bicycle spaces.

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

The architect for the project is Rositch Hemphill Architects.

The site was acquired in 2017 for $18,197,000, or $306 per buildable SF.