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.
  • About
  • Listings & Sales
  • Metro Vancouver Commercial Real Estate Market Data
  • Subscribe
Condo, Development, Retail

78-Unit Condo Building Proposed Near Langara College

A rezoning application has been submitted for an 7-lot land assembly at the Northwest corner of West 49th Avenue and Manitoba Street, across the street from Langara College.

The site, 203-263 West 49th Avenue, totals 37,496 SF and is currently zoned RS-1. It includes 319 ft. of frontage on West 49th.

The proposal consists of a new 4-storey mixed-use building over two levels of underground parking and includes:

  • 78 condo units;
    • 1 studio, 49 one-bedrooms, 20 two-bedrooms & 8 three-bedrooms;
  • 24,836 SF of retail space at grade (8 CRUs);
  • A building height of 57 ft.;
  • A total density of 2.50 FSR;
  • 143 parking spaces and 280 bicycle spaces.

The application is being considered under the Cambie Corridor Plan.

The architect for the project is GBL Architects.

The site was assembled in 2017 for $26,760,000, or $286 per buildable SF based on the application.

October 9, 2019by david.taylor@colliers.com

Search the Site

Categories

  • Apartment
  • Condo
  • Development
  • For Sale
  • Hotel
  • Investment
  • Land
  • Market Research
  • Office
  • Rental
  • Retail
  • SOLD


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.

© 2019 Copyright  |  All Rights Reserved