Under Contract

Rental Development Site

4750 Granville Street, Vancouver

Multi-family development site
100’ × 175’ (17,500 SF)

$6,300,000

Shaughnessy neighbourhood

Overview

Rare opportunity to acquire a large RS-5 zoned lot improved with a fully renovated home (with in-law suite) in Vancouver’s affluent Shaughnessy neighbourhood.

  • Site size: 100’ × 175’ (17,500 SF)
  • Architectural drawings and floor plans available
  • Plans submitted under IRP
  • Proposed development: 4-storey rental building with 32 suites and 19 underground parking
  • Potential FSR: 1.37

Location

The subject property is located on the east side of Granville Street between West 32nd Avenue and Minto Crescent in the Shaughnessy neighbourhood of Vancouver. 

Transportation
West Broadway, West 12th, West 16th and King Edward form the major east-west traffic arteries across the city (direct bus access to UBC), while Oak, Granville and Cambie are the major nearby north-south traffic corridors which provide access to and from the downtown core and South Richmond (YVR). 

Amenities
Public transportation, shopping and banking is available in the immediate vicinity on Oak Street. Additionally, the Cambie and South Granville corridors are excellent shopping destinations and offer tenants easy access to numerous amenities, art galleries, coffee shops, restaurants, banks and theatre, to name a few.

Travel  Times

  • 3 minutes to BC Children’s Hospital
  • 5 minutes to Oakridge Centre 
  • 5 minutes to South Granville and Vancouver General Hospital
  • 12 minutes to Downtown Vancouver

Summary

Price$6,300,000
Lot Size100’ × 175’ (17,500 SF)
ZoningRS-5 One Family Dwelling
Development PotentialPlans submitted under IRP for rental
Price/SF Buildable$263/SF (estimated)
PID010-998-292

Suite Mix

 No. UnitsAvg. Sq. Ft.
BachelorNo. Units12Avg. Sq. Ft.466 SF
One bedroomNo. Units8Avg. Sq. Ft.468 SF
Two bedroomNo. Units5Avg. Sq. Ft.703 SF
3 bedroomNo. Units7Avg. Sq. Ft.950 SF

Financials

FinancingTreat as clear title
Assessment 2017
Land
Building
Total
Land$4,140,000
Building$204,000
Total$4,344,000
Taxes 2018
$12,144

The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by HQ Commercial.

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