South Granville – high density designation
1432 W 10th Ave & 2625 Hemlock St, Vancouver
|Building||Clairmont Apartments||Georgian Apartments|
|Address||1432 West 10th Avenue||2625 Hemlock Street|
|Lot size||15,642 SF (125’ × 125’)||12,505 SF (100’ × 125’)|
|Storeys||3 + PH level||3|
An extraordinary opportunity to acquire two side-by-side properties featuring 225’ frontage (100’ + 125’) along West 10th Avenue. The buildings have been professionally managed over the years.
Stretching from the southwest corner of Hemlock Street and west along 10th Avenue, the combined 28,147 SF properties are located in a key arterial of the Broadway Plan with potential for high-density redevelopment up to 20 storeys.
The properties’ convenient location is just southeast (within 150 metres) of the future South Granville Broadway Subway Station at Granville Street and West Broadway. The City of Vancouver planning department will begin accepting Letter of Enquiries on September 1, 2022 and the Broadway Plan will focus on opportunities to integrate development around the new Broadway Subway, slated to complete in 2025.
Broadway Corridor Plan
The latest version of the Broadway Plan draft was recently released and provides further direction on redevelopment potential for this area. The amendments and final document are anticipated to be published online by the end of July 2022.
The subject properties’ fall within the policy area Fairview South – Area A. The intent of this plan, as described, is to support the long-term renewal of older residential buildings. Densities for secured market rental housing can range up to 6.5 FSR, depending on the built form.
The properties are located in a walker’s paradise just east of Granville Street in Vancouver’s prized South Granville neighbourhood. The Georgian sits on the southwest corner of Hemlock and West 10th Avenue and abuts the Clairmont to the west.
West Broadway and West 12th Avenue form the major east-west traffic arteries across the city (direct bus access to UBC), while Granville Street is the major nearby north-south traffic corridor which provide access to and from the downtown core and South Richmond (YVR).
|Financing||Treat as clear title.|
For more information and details on the offering process, please contact listing agent.
The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by Goodman Commercial.