A 25,000 SF C-2 zoned property in Mount Pleasant has sold for $26,500,000, or $424 per buildable SF. 398 Kingsway is prominently located at the Southwest corner of Kingsway and East 12th Avenue. The site is irregular in shape and the C-2 zoning allows outright development for four storeys, 2.50 FSR. It is not known if the intent is to develop under the existing zoning, or to rezone. The site is currently improved with older lowrise auto-service uses.

The site had been listed for sale in the Summer of 2018 with Colliers at an asking price of $30,000,000.

We are pleased to introduce 555 Beatty Street, an exceptionally rare opportunity to acquire a 50 ft. lot primed for commercial development directly across from a Skytrain Station and in amongst one of Vancouver’s trendiest and most sought after neighbourhoods. The site does not require rezoning, and allows development up to 7.0 FSR. 

Please contact us for further details about the property.

A strip retail plaza located on an 18,202 SF site at 8257 Oak Street at the Northwest corner of Oak Street and West 67th Avenue has sold for $20,000,000. The existing building is anchored by Starbucks, with five additional local tenants. The site had been listed for sale in 2016 without an asking price.

The site is located in the Marpole Community Plan area, which allows for potential rezoning to 3.0 FSR, and up to 8-storeys. A formal rezoning application has not yet been submitted.

Coromandel Properties is currently under construction with a 43-unit project across the street called “Winston at South Oak”, which will complete in the Spring 2020.

Based on the sale price, 8257 Oak sold for $366 per buildable SF.

We are pleased to introduce for sale Shavian Apartments, an 11-unit rental apartment property located on West 10th Avenue, just East of Granville Street and just steps to the future Granville Street Skytrain stop.

Please see the brochure for further details. 

Another proposal for Burquitlam, this one is a stacked townhouse project by Adera that is seeking rezoning for 60-units on Lea Avenue, just East of Clarke Road. The 36,750 SF site is comprised of four single family lots that have been assembled. The project is called ‘Duet‘.

The plan for the site includes three, 3-storey stacked townhouse buildings that include:

• 60 units;
  • 8 studios, 8 one-bedrooms and 44 two-bedrooms;
• a density of 1.40 FAR;
• 84 parking spaces.

The architect for the project is Integra Architecture.