Rare opportunity to acquire an 18,487 SF rental development site in one of Vancouver’s hottest neighborhoods on East 33rd Avenue and Main Street. Currently improved with 1 multi-unit & 4 single-family homes, the properties may be redeveloped to a six-storey multi-family rental building. Enquiry application has been submitted under the Interim Rezoning Policy and a dialogue has commenced with the City of Vancouver. Assuming a 3.3 FSR based on the latest plan, this represents a density up to 61,140 SF (concept & proposed only*).
One of Vancouver’s hottest rental neighbourhoods on the southeast corner of East 33rd Avenue & Main Street.
The site is located in the popular Riley Park neighbourhood of Vancouver conveniently situated near Queen Elizabeth Park, Nat Bailey’s Stadium and Hillcrest Community Centre. A prime walkable location, the property is just steps away from Main Street’s eclectic variety of bustling cafes, restaurants, antique shops, record stores, fashion boutiques, coffee hangouts, butcher shops, community centres, and a thriving farmers’ market.
The subject property features excellent accessibility due to its central location and is well served by major transportation and transit corridors. Conveniently situated near two adjacent bus routes providing easy access to UBC and Downtown. A SkyTrain station is only a short distance away at King Edward and Cambie.
Recent and upcoming developments in the immediate area
|No. units||Average size||Average rent|
|Commercial||No. units4||Average size2,259 SF|
|Studio||No. units18||Average size460 SF|
|1 bedroom||No. units6||Average size553 SF|
|1 bedroom + den||No. units12||Average size601 SF|
|2 bedroom||No. units7||Average size863 SF|
|2 bedroom + den||No. units21||Average size838 SF|
|3 bedroom||No. units1||Average size1,078 SF|
|Financing||Treat as clear title.|
For more information, please contact the listing agent.
*Note: Density, suite mix, parking, and net rentable area based on architectural plans. Some of the rental suites in the buildings are unauthorized.
The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by Goodman Commercial.