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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Apartment, Development

114 Rental Units Planned for Dunbar Area Site

A rezoning application has been submitted by Sightline Properties for a four lot land assembly at the Northeast corner of West 41st and Collingwood Street, just East of Dunbar and immediately East of the IGA.

The combined site at 3449-3479 W 41st Ave and 5664 Collingwood Street is 28,683 SF in size. The lots are currently single family and zoned RS-5.

The proposal is to allow for the development of a 6-storey market rental building that includes:

  • 114 secured market rental units;
  • 58 studios, 17 one-bedrooms, 28 two-bedrooms & 11 three-bedrooms;
  • A total density of 2.71 FSR;
  • A building height of 72 ft.;
  • 90 vehicle parking spaces and 216 bicycle parking spaces on two levels of underground parking.

The application is being considered under the Affordable Housing Choices Interim Rezoning Policy.

The architect for the project is Ciccozzi Architecture.

September 23, 2020by 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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