Here is a brief overview of City of Vancouver rezoning applications going before City Council next week:

468 West 33rd Ave & 4956-4958 Cambie Street

This application was made by Kenstone Properties back in August 2014.

The proposal is for a 65-unit, 6-storey condo building at the Southeast corner of 33rd and Cambie. If approved by council it will go to public hearing next.

5648-5678 Victoria Drive

This proposal, by Bhandal Homes, is for a 6-storey, 48-unit market rental apartment building with retail at grade. The site is currently zoned C-2, but the application for greater density (3.48 FSR) is being made under the Rental 100 policy.

It is seeking to go to public hearing.

3819 Boundary Road

This is another market rental application being made under the Rental 100 program. The plan for this site, originally conceived in 2013, is to rezone from C-1 to allow a 4-storey building with 23 rental apartments. If approved it goes to public hearing.

Polygon Homes has applied to rezone the Mountain Court multifamily complex in North Vancouver for a new multi-phase strata and rental complex in four 5-storey buildings. Mountain Court is an aging apartment complex built in 1968 on a 4.13 acre site located just south of Lynn Valley Centre. This sits next to Polygon’s Canyon Springs project; currently under construction and expected to be completed in 2016.

The District of North Vancouver’s Official Community Plan allows a total density on this site of 2.5 FSR, and the more recent Lynn Valley Town Centre Flexible Planning Framework allows buildings up to 5-storeys.

The proposal includes:

• Phase one:
  • a 75-unit market rental building (1:1 unit replacement, this is the CAC for the development)
  • a 68-unit strata building
• Phase two:
  • two buildings totaling 178 units
• A total of 321 units (76% two and three bedrooms)
• A total of 372,072 SF
• A density of 1.82 FSR

It is anticipated that this will be built out over a five year period.

Oceanside Apartments, a 23-unit apartment building in the West End, has sold for $8,195,000. The 3-storey walkup, also known as Oceanside Hotel, was listed for $8,495,000. The listing brochure indicated that the property had been operated more recently as a hotel and that the Property “can be delivered vacant to a Buyer providing a rare opportunity for an investor to hand-pick tenants and rent out the renovated suites at true market levels.”

The cap rate was 4.4%, and the price per unit was $327,800. Both the seller and buyer were local private investors.

A rezoning application has been submitted for a new 5-storey rental apartment building in Kits. The site, located at 3063-3091 West Broadway is 21,652 SF and is anticipated to be rezoned from C-2C to CD-1. Details include:

• 78 secured market rental units;
• commercial uses at grade;
• a proposed density of 3.33 FSR
• a building height of 58.4 ft. ; and
• 92 underground parking spaces.

This application is being considered under the Secured Market Rental Housing (Rental 100) Program.

Here is a list of rezoning applications headed for Burnaby City Council’s consideration on Monday:

1. 8850 University Crescent (SFU Univercity) – Highrise residential tower with mid-rise residential building
2. 5521-5525 Hastings Street – 4-storey mixed use building based on C2 and RM3 guidelines
3. Brentwood Mall Site Phase III – third highrise residential building by Shape Properties
4. 4453-4475 Hastings Street – 4-storey mixed use building  based on C8a guidelines and Heights Community Plan
5. 7911-7923 Edmonds Street – 4-storey mixed use buildings based on C9 guidelines and Sixth Street Community Plan
6. 4769 Hazel Street & 4758 Grange Street – This interesting proposal by Bentall Kennedy seeks to amend the existing CD zoning on a 2.4 acre highrise apartment site it owns in the Metrotown area. The proposal seeks to add additional apartment units on the site, depicted below.