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, Rental

10-Storey Rental Building Proposed Under New TOA Rezoning Policy

Vittori Developments has submitted an application for a new 10-storey rental building on an assembly of two single family lots on West 27th Avenue, just East of Cambie Street. The combined lot size is 15,000 SF.

The lots are currently designated within the Cambie Corridor Plan for townhouses, but is located within Tier 2 – 400 meters of the King Edward Skytrain Station. Under the TOA rezoning policy, the site is allowed up to 12-storeys, 4.0 FSR.

The proposal for the site contemplates a 10-storey concrete rental apartment building that includes:

  • 63 rental units (20% below market);
    • 27 one-bedroos, 18 two-bedrooms and 18 three-bedrooms;
  • a total density of 4.0 FSR;
  • a building height of 113 ft.
  • 66 underground parking spaces on two levels.

The architect for the project is Raffaele Architecture Inc.

The full rezoning application can be viewed here: https://www.shapeyourcity.ca/466-476-w-27-ave

February 1, 2025by 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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