1.24-acre rezoned Cambie Corridor site

Overview

Goodman Commercial is pleased to present the opportunity to acquire a rezoning-approved residential development site totaling 54,047 SF (1.24 acres) in Vancouver’s Cambie Corridor.

Rezoning for the site was approved in principle in September 2024, transitioning from R1-1 (Residential Inclusive) to CD-1 (Comprehensive Development), allowing for a 3.14 FSR and 169,728 SF of buildable area.

Designated as a Unique Site under the Cambie Corridor Plan, the approved development features two residential buildings:

• A 19-storey tower with 143 market condominium units

• A 6-storey mixed-use building with 47 rental units and a 37-space daycare on the main floor

There are no below-market rental requirements. The fully built daycare will be transferred to the City of Vancouver as part of the public benefits package. Both buildings will be supported by a shared three-level underground parkade with 198 vehicle stalls and 374 bicycle spaces.

The development offers a balanced mix of 1-, 2-, and 3-bedroom units, each with a recessed or exposed balcony. Residents will have access to amenity spaces on the main floor, while the condominium tower also features rooftop amenities with panoramic views of downtown Vancouver and the North Shore Mountains.

Preliminary designs are also available for a higher-density, two-tower concept.

Proposed suite mix

Location

Located in the heart of Vancouver, the site enjoys a prime position on Oak Street just off 57th Avenue, adjacent to Sir Winston Churchill Secondary School. As part of its vision for improved connectivity, the City plans to introduce a new east-west public street along the northern boundary of the property—extending West 55th Avenue between Oak Street and Laurel Street. This new connection will enhance access and add significant value to the site.

Positioned just one block northwest of the transformative Langara Gardens and Pearson Dogwood redevelopment projects—together delivering approximately 5,600 new homes—the site is set to benefit from the increased vibrancy and density these master-planned communities will bring to the neighbourhood.

The site also lies within the Cambie Corridor Plan area, which envisions a vibrant, transit-oriented community with seamless access to downtown Vancouver, the airport, and other key destinations. The Plan encourages sustainable modes of transportation, including walking, cycling, and public transit. With its location directly on Oak Street, a major arterial route, the site offers exceptional convenience and connectivity.

Surrounded by a wealth of amenities, the area includes Langara Golf Course, Oakridge Shopping Centre, Queen Elizabeth Park, VanDusen Botanical Garden, and BC Children’s Hospital. Community resources such as the Marpole Oakridge Community Centre and a range of highly regarded educational institutions further enrich the neighbourhood. Nearby schools include Sir Wilfred Laurier Elementary, Oakridge Montessori, David Lloyd George Elementary, École des Colibris, Annie B. Jamieson Elementary, and Vancouver College.

Future residents will enjoy a walkable, amenity-rich neighbourhood with easy access to shopping, dining, cafes, schools, and essential services—offering both convenience and a high quality of life.