12th & Clark site
1302, 1308 & 1318 E. 12th Ave, Vancouver
Opportunity to acquire a high-exposure 11,376 SF corner site strategically situated on the southeast corner of E. 12th Avenue and Clark Drive in Vancouver.
The subject property sits in the Grandview-Woodland Community Plan and allows for residential buildings up to 4 storeys with potential small-scale retail and commercial at grade (1.7 FSR). There is potential for increased density up to 6 storeys based upon a rental scenario (up to 3.0 FSR). An enquiry letter has been submitted with a response available.
Rezone under Grandview-Woodland Community Plan:
Current RM-11N zoning allows for residential buildings up to 4 storeys and 1.7 FSR, depending on assembly. The former commercial use zoning provides consideration for small-scale retail and commercial at grade.
Potential for increased density of up to 6 storeys:
Initial enquiry with the City shows support for up to 3.0 FSR mixed-use, market rental development of 5 storeys with a partial 6th storey considered based on contextual fit.
Located at the northern edge of the Kensington-Cedar Cottage neighbourhood, the site is close to many desirable East Vancouver amenities. The property benefits from the rapidly changing improvements being made to the neighbourhood, adding to what has become one of the most in-demand areas of the City. Trout Lake, retail and restaurants on Commercial Drive and Skytrain on Broadway are just some of the many highlights within the neighourhood.
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The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by Goodman Commercial.