Beedie Living has submitted an application to rezone a 10-acre site that they own at 3676 Bainbridge Avenue in the Bainbridge Urban Village area of Burnaby.

The site is currently improved with older lowrise industrial buildings zoned M2 and M5 industrial.

The site became designated for mixed use residential when the Bainbridge Urban Village Community Plan was adopted by the City of Burnaby in 2022.

The preliminary application indicates that the overall development will include “a mixture of 6-storey below-market rental buildings, 6-12 storey strata buildings, and 4-storey stacked townhomes.”

Other details include:

• 1,000 – 1,100 residential units;
• 20% affordable rental units at 20% below CMHC median rents;
• a total density of 2.20 FAR (970,000 SF)
• road upgrades and new public green space.

The site has a current assessment value of $80,789,300.

This site is located near a similarly designated development site that we have just listed at 7022-7036 Greenwood Street.

Fastmark Development have closed on the acquisition of 523-549 East 10th Avenue in the Mount Pleasant area of East Vancouver. The site comprises an assembly of five single family lots totaling 20,139 SF.

A rezoning application for the site was published in September calling for a 19-storey rental tower with 175 units (including 33 below market) and a daycare. The total proposed density is 6.0 FSR. The application is being considered under the Broadway Plan.

The sale price was $17,500,000, or $145 per buildable SF based on the rezoning applicaiton.

The site was listed and sold by Avison Young.

Domus Homes has applied to the District of North Vancouver to redevelop three existing single-family lots in the Edgemont Village area of North Vancouver into 12 three-bedroom townhouse units.

A preliminary proposal for the 24,703 SF site at Ridgewood Drive and Brookridge was first developed in 2018, but was later shelved. A neighbouring townhouse development “Edgemont Walk” was subsequently completed in 2019.

A revised proposal for the site has now been put forward with some design changes following staff and public input.

The site is located in the Edgemont Plan area, which designates this part of Ridgewood Drive for 2.5 storeys and up to 0.8 FAR.

The updated plan for the site includes:

• 12 three-bedroom units;
• unit sizes from 1,829 SF to 2,023 SF;
• a total density of 0.8 FAR;
• 27 underground parking spaces;
• a CAC of $335,947 ($17 per SF);
• an additional $200,000 for pedestrian/traffic improvements.

The site was assembled in 2016 for $5,451,000 or $275 per buildable SF.

The architect for the project is Boldwing Continuum Architects Inc.

We are pleased to present an opportunity to acquire a woodframe development opportunity in Burnaby’s emerging Bainbridge Urban Village area.

Highlights

• 39,600 SF site (150’ x 262’) with Bainbridge Urban Village Plan designation allowing up to 3.0 FSR 
• Potential to assemble neighbouring lot at 7008 Greenwood Street for a combined site of 1.51 acres / 66,000 SF (250 ft. site frontage)
• Gross density of 200,000 SF or approximately 250 residential units, with sufficient site area to provide inclusionary units in separate low-rise building
• Located directly across from large scale concrete projects: Burnaby Lake Village and Burnaby Lake Heights that will provide significant new retail, park and amenity space

Please click here or contact us for further information including price guidance.

Canderel has submitted their rezoning application for a site they own at 3695 North Road in the Burquitlam area of Burnaby.

The 1.32 acre property is currently improved with a gas service station and an older two-storey office commercial building.

The proposal calls a 56-storey condo tower and a 43-storey non-market and market rental building, inclusive of a 10-storey commercial podium with an office component and street-fronting retail.

The rezoning would be based on the RM5s, RM5r and C3 zoning districts.

Details of the proposal include:

• 772 residential units;
• 456 condo units;
• 239 market rental units;
• 77 non-market rental units;
• Building heights of 612 ft. and 504 ft.;
• 164,000 SF of office space, 9,000 SF of retail space;
• a total density of 13.10 FAR (750,000 SF);
• 1,038 parking spaces.

The site sits adjacent to another large scale development proposal, including an 80-storey tower, by Pinnacle International.

The architect for the project is Chris Dikeakos Architects.