Development site

Overview

Purchase a development site with plans in place and receipt of a “prior-to” letter. Plans envision the construction of two 4-storey multi-family buildings comprising a total of 65 market strata units over two levels of underground parking. The neighbouring twin site may be considered as part of the offering.

Redevelopment highlights

• 4 storeys, 65 units
• Proposed FSR of 1.96
• Buildable area of 57,557 SF
• Net sellable area 52,261 SF
• Max building height of 13.7 m
• 89 parking stalls proposed

Building 1 would feature 53 apartments and 4 stacked townhouse units; building 2 would include 8 stacked townhouse units:

Available reports

• Environmental reports
• Architectural plans
• Underpinning and crane swing agreements

For additional information, please sign the confidentiality agreement and email to mark@goodmanreport.com.

Location

The Norquay Village neighbourhood is located in East Vancouver, with Kingsway being the centre artery. Primarily a residential neighbourhood with single detached homes, the area will soon see rapid change with the addition of apartment projects due to the zoning amendments in 2016.

The 29th Avenue Skytrain Station is a 9 minute walk and ensures easy transportation to Downtown. John Norquay Elementary is a 5 minute walk. Located two blocks to the south along Kingsway are numerous amenities such as Shoppers Drug Mart, the Royal Bank and many cafés and restaurants. Just a few blocks away at 2220 Kingsway, Westbank’s “Kensington Gardens” provides 428 new homes, a premium supermarket and other retail amenities.