Wesgroup Properties has acquired the Chevron site at Dunbar and West 39th Avenue on Vancouver’s Westside. The 18,009 SF C-2 zoned site sold for $19,400,000, or $430 per buildable SF based upon the density permitted under the existing zoning.

The gas station site was one of a few properties offered for sale by Chevron in 2016. Others included the site on West Georgia downtown, and a now closed commercial station at Clark & 1st.

A rare 2.34 acre piece of land located at Oak Street and West 18th Avenue has sold to Wesgroup Properties for $46,200,000. The property, which contains frontage on both West 18th and most of West 19th from Laurel Street to Oak Street,  is currently zoned RT-2 and is improved with 17 low-density rental apartment duplexes built in the 1950’s.

The site had been speculated for future redevelopment for some time and was only recently identified by the City as a potential rezoning location under the Cambie Corridor Phase 3 planning review given it’s current 0.75 FSR zoning and its proximity to transit. The scope or timing of a potential rezoning application remains to be seen.