An application has been made by SVM Developments to rezone a 23,923 SF site at 6989-7029 Royal Oak Avenue in Burnaby from R5 to CD to allow a 3-storey, 23-unit stacked townhouse development with underground parking.
Royal Oak is an emerging area with predominantly ground oriented townhouse and 4-storey development. Prices are rising due to its walkable location to Metrotown and relative affordability compared to highrises closer in to the core.
A portion of the site at 7029 Royal Oak Avenue was purchased from the City of Burnaby in November 2013 for $112 per SF of land.
Further details include:
- a density of 0.9 FAR
- Total floor area of 20,684 SF
- 23 Two-bedroom townhouse units
- 41 underground parking stalls
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.