Townhouse development site

128–176 W King Edward, Vancouver

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Price Call listing agent

Property type Townhouse development site

Lot size 52,500 SF (350' x 150')

Land area 1.21 acres

Zoning RS-1

Floor space ratio Up to 1.2 FSR (Cambie Corridor Plan)

Development potential Up to 3 storeys

PID 013-324-403, 013-324-420, 003-401-596, 009-340-041, 012-136-492, 008-013-748, 011-434-686

Legal description Lots 3 to 9, Block 683, District Lot 526, Plan 2913

Overview

A 1.21-acre townhouse development site with an impressive 350 feet of frontage in the highly coveted Riley Park neighbourhood of Vancouver. The property totals 52,500 SF with an allowable density up to 1.20 FSR under the Cambie Corridor plan. The infrastructure (sewer twinning) has been completed, making completion of development much faster.

Conveniently located within steps of King Edward Station and walking distance to the best of both Cambie and Main Street corridors, this site offers a rare opportunity to design a truly remarkable project of significant scale.

Not only is there an established track record of projects in the immediate area showing strong demand for new townhouse product, but developers can take advantage of a simplified rezoning process to RM-8AN and a fixed-rate density bonus, greatly reducing the timeline and costs to entitlement.

Location

The property is located in Vancouver’s popular Riley Park neighbourhood, two blocks east of the King Edward Canada Line and within short walking distance of Queen Elizabeth Park, Hillcrest Community Centre, and extensive shops and restaurants along Cambie Street (two blocks west) and Main Street (three blocks east).

This highly sought-after neighbourhood features many successful townhouse and mid-rise apartment projects. Recently completed developments in the immediate area include The Hillcrest, a boutique 17-unit project on the same block adjacent to the site, and Just West, a large 55-unit project one block east. Phase 1 & 2 of King & Columbia are currently under construction on the north side of West King Edward, just opposite the site.

Townhome projects in the immediate area:

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Financing	Treat as clear title
Assessment 2023	Land Building Total	Land$18,703,000 Building$2,001,500 Total$20,704,500
Taxes 2022	$66,684
Notes	For additional information, please contact the 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.