Purchase a development site with plans in place and receipt of a “prior-to” letter. Plans envision the construction of two 4-storey multi-family buildings comprising a total of 65 market strata units over two levels of underground parking. The neighbouring twin site may be considered as part of the offering.
- 4 storeys, 65 units
- Proposed FSR of 1.96
- Buildable area of 57,557 SF
- Net sellable area 52,261 SF
- Max building height of 13.7 m
- 89 parking stalls proposed
Building 1 would feature 53 apartments and 4 stacked townhouse units; building 2 would include 8 stacked townhouse units:
- Environmental reports
- Architectural plans
- Underpinning and crane swing agreements
The Norquay Village neighbourhood is located in East Vancouver, with Kingsway being the centre artery. Primarily a residential neighbourhood with single detached homes, the area will soon see rapid change with the addition of apartment projects due to the zoning amendments in 2016.
The 29th Avenue Skytrain Station is a 9 minute walk and ensures easy transportation to Downtown. John Norquay Elementary is a 5 minute walk. Located two blocks to the south along Kingsway are numerous amenities such as Shoppers Drug Mart, the Royal Bank and many cafés and restaurants. Just a few blocks away at 2220 Kingsway, Westbank’s “Kensington Gardens” provides 428 new homes, a premium supermarket and other retail amenities.
|No. units||Average size||Average rent|
|Studio||No. units10||Average size449 SF|
|1 bedroom||No. units9||Average size591 SF|
|1 bedroom +||No. units4||Average size607 SF|
|2 bedroom||No. units17||Average size749 SF|
|2 bedroom +||No. units8||Average size764 SF|
|2 br + lock-off||No. units4||Average size1,121 SF|
|3 bedroom||No. units1||Average size910 SF|
|2 bedroom TH||No. units2||Average size1,019 SF|
|2 br TH + den||No. units2||Average size1,157 SF|
|3 bedroom TH||No. units6||Average size1,366 SF|
|3 br TH + lock-off||No. units2||Average size1,619 SF|
|Financing||Treat as clear title.|
The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by Goodman Commercial.