Vacant Broadway Plan site

Overview

Rare opportunity to acquire an unheard-of VACANT Broadway Plan site with 150 feet of frontage, centrally located within Mount Pleasant, one of the most sought-after neighbourhoods in the city.

The 18,284 SF (150’ x 122’) site is located on the south side of East 10th Avenue between Prince Edward Street and Guelph Street, a short five-minute walk to the future Broadway Subway station at Main Street and East Broadway.

The property is designated for rezoning within the Broadway Plan under Mount Pleasant South Apartment Areas – Area A. MSAA allows rezoning for towers up to 20 storeys, either as secured rental up to 6.50 FSR with 20% of residential floor space secured at below-market rents, or strata tenure up to 6.00 FSR with 20% of residential floor space delivered to the City as turnkey social housing. The maximum height and density can potentially be increased with the provision of ground level retail/service uses or childcare.

Broadway Plan

Additional Policies

10.22.2
There will be a maximum of two towers per block (street to street, including any laneways) in Mount Pleasant South Apartment Area A. For blocks located in both Mount Pleasant South Apartment Area A and another policy area, only towers in Mount Pleasant South Apartment Area A shall be counted toward the maximum. However, for the southern block faces along 10th Avenue between Yukon Street and Columbia Street, the number of towers per block shall be counted in conjunction with the remainder of the block located in Mount Pleasant RT Area B. For the northern block faces along 10th Avenue between Yukon Street and Main Street, the northern block face along 10th Avenue between Prince Edward Street and Guelph Street, as well as the northern block face along 12th Avenue between Main Street and Sophia Street, only one tower will be allowed on the Mount Pleasant South Apartment Area A block face.

10.22.3
Minor increases in height and density will be considered for delivery of ground-level local-serving retail/service uses or childcare.

10.22.4
For 6-storey apartment buildings, minor increases in density may be considered where 100% of the residential floor area is social housing, generally following the provisions for social housing in the RR-2C district schedule and associated requirements.

10.22.5
Support choice-of-use for residential or non-residential uses at grade on East 12th Avenue between Watson Street and Sophia Street.

Location

414 East 10th Avenue is conveniently located in the heart of Mount Pleasant, one block south of East Broadway, one block east of Kingsway, and two blocks east of Main Street. The high-profile Main and Broadway intersection, home to a future Broadway Subway station, is just a short five-minute walk from the property.

Mount Pleasant is a vibrant and diverse neighbourhood known for its eclectic culture and a mix of heritage buildings and modern developments that create a dynamic and highly livable urban setting. The neighborhood boasts excellent public transit options, is a short bike ride from Downtown Vancouver, and is home to a variety of trendy boutiques, cafes, and restaurants, making it one of the most amenity rich parts of the city.

The neighbourhood is also home to a significant and growing hub for creative and technology industry employers, and is a five-minute drive from Vancouver General Hospital (VGH) and the Central Broadway corridor, the second largest concentration of jobs in the province.

With a lively cultural scene, ample parks and green spaces, access to employment, commercial and cultural amenities, and proximity to Downtown Vancouver, Mount Pleasant attracts a diverse population, from students and young professionals to families and retirees. Its combination of convenience and lifestyle makes it one of Vancouver’s most desirable places to live.