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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For Sale, Land, Rental

FOR SALE: North Vancouver Woodframe Rental Development Opportunity

We are pleased to reintroduce this pre-assembled 30,000 SF site in the Maplewood Area of Vancouver. Preliminary plans are in place for a 6-storey, 77-unit woodframe rental development at 1.88 FAR. All plans and reports are in place and ready for submission to the District of North Vancouver for an OCP amendment and rezoning.

The site is currently designated for 1.20 FAR townhouse development and there are existing plans with planning feedback for a 27-unit townhouse development.

The asking price is $8,900,000 or $161 per buildable SF based on the preliminary plans. Please reach out to us for further details.

https://www.collierscanada.com/en-ca/properties/for-sale-north-vancouver-townhouse-development-opportunity/can-526-550-riverside-drive-2194-windridge-avenue-north-vancouver-british-columbia-canada/can2009932

January 25, 2024by 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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