Cambie Townhouse Block Sells in $19 Million Deal

A full city block site on West 33rd Avenue between Laurel and Willow Streets has sold to Vertex Developments for $18,726,000, or $425 per buildable sq ft.

The 5 single-family lot assembly at 809-889 West 33rd Avenue is designated for townhouse development and has been rezoned to RM-8A through the sale process. The zoning allows townhouses to a density of 1.20 FSR.

The 49-unit project, entitled ‘Avenue 33‘ is in registration phase for pre-sales with Magnum Projects.

The architect for the project is Formwerks.