Renters could have more options in West Vancouver if Hollyburn Properties’ infill project is given the green light.
An additional 49 purpose-built rental units in two low-rise buildings could be built beside an existing highrise in Ambleside at 195 21st St.
The development proposal, Hollyburn Gardens, brings a change of pace for West Van.
In the last 30 years, most developers have steered clear of building rentals. There are currently 1,900 purpose-built rental units in West Van, most built during the 1960s and ‘70s in the Ambleside Apartment Area.
Many are vulnerable to loss as new developers move in and want to maximize the return on their investment in expensive district land.
Read more: http://www.northshoreoutlook.com/news/247300781.html
I am pleased to have acted on behalf of the Vendor and Purchaser in the sale of this West End apartment building with laneway housing potential.
Contact me if you’d like to learn more about what’s selling in the West End and about what the new West End Community Plan means for existing apartment properties.