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

69 Rental Units Proposed for Lower Lonsdale

A rezoning application has been submitted by Three Shores Development for a mid-block site at 145-153 East 4th Street in the Lower Lonsdale area of North Vancouver.

The plan for the 17,284 SF calls to allow a new 6-storey rental apartment building. The existing site consists of two older apartment buildings totaling 20 units that will be replaced.

Details include:

  • 69 market rental units;
  • 7 mid-market rental units;
  • 20 studios, 29 one-bedrooms, 10 two-bedrooms & 10 three-bedrooms;
  • a total density of 2.57 FSR;
  • 52 underground parking spaces.

The architect for the project is Integra Architecture.

The site had been listed for sale in 2019 with an asking price of $9,850,000.

February 4, 2021by david.taylor@colliers.com
Condo, Development

52 Townhouses Proposed for West Vancouver Site

A preliminary proposal has been put forward by Canderel for a site on Inglewood Avenue, just East of Taylor Way in West Vancouver.

The pre-application website can be viewed here.

The site is an assembly of five single family lots totaling 61,237 SF. The site sits adjacent Cedardale Elementary School. The current zoning is RS3 and the proposal would seek to designate the zoning based upon RM2 & RM5.

Details of the proposal include:

  • 52 stacked townhouse units;
  • 13 one-bedroom garden flats, 23 two-bedrooms & 16 three-bedrooms;
  • a total density of 1.08 FAR;
  • 126 underground parking spaces.

The pre-application website describes the design rationale:

“The homes would be designed to comply with Step 4 of the BC Energy Code, a superior level of energy efficient building.

The single entrance to the site will be off of Inglewood Avenue.  

Three-storey townhomes along Inglewood Avenue would have a strong street presence with individual front entrances and yards.  The townhomes step back at the third floor reducing the scale of the buildings along the street to fit in with the existing 1 and 2 storey single family homes.” 

The rezoning proposal is seeking consideration under West Vancouver’s current Official Community Plan, in particular with the policy (2.1.7) that supports the creation of “missing middle” housing options such as rowhouses, triplexes and other multi-family formats that create options for families and down-sizers.

The architect for the project is Integra Architecture.

February 4, 2021by 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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