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

36 Townhomes Slated for Oak Street Site

Listraor Homes has applied to the City of Vancouver for permission to develop a 41,417 SF, five-lot land assembly at the Southeast corner of Oak Street and West 52nd Avenue. The lots are zoned RM8-AN.

The proposal is for non-stacked courtyard townhouses over underground parking. Details include:

  • 36 three-bedroom townhouse units;
  • a total density of 1.2 FSR;
  • a building height of 33 feet;
  • 53 underground parking spaces.

Under the site’s existing RM-8AN zoning, the application is “conditional” so it may be permitted; however, it requires the decision of the Director of Planning.

The architect for the project is Baldwin Architecture.

Listraor assembled the site in 2016 for $19,168,000, or $386 per buildable SF based on the application.

The full development application can be viewed here: https://development.vancouver.ca/pc6822oak/index.htm

September 9, 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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