C-2 zoned development site

Overview

A rare opportunity to acquire a high-exposure 27,442 SF C-2 zoned site in East Vancouver’s Kensington-Cedar Cottage neighbourhood. Currently improved with 5 single-family homes on the corner of East 10th Avenue and Nanaimo Street, the properties can be redeveloped to a 4-storey mixed-use project with commercial uses at grade and residential above. This represents a density of up to 68,605 buildable SF based on a 2.5 FSR. Development approvals will be relatively quick due to the in-place C-2 zoning designation.

Location

The neighbourhood is considered an excellent multi-family location due to its proximity to transportation and local amenities along East Broadway and Commercial Drive. A few minutes’ walk to a full range of shopping, recreation, theatre, entertainment facilities, trendy cafes and restaurants and minutes from Downtown Vancouver. Other location highlights within walking distance include Laura Secord Elementary and Vancouver Technical Secondary Schools, Trout Lake and Central Valley Greenway. The rapid transit Commercial-Broadway Station is only a short walk from the site and is one of the busiest hubs in the city. The area is also in close proximity to the North Shore, the Trans-Canada Highway and the Vancouver Harbour.

Nanaimo Shopping Nodes

The property falls within the Grandview-Woodland Community Plan—Nanaimo Shopping Nodes.

Small commercial nodes are located at the intersections of Charles Street, East 1st Avenue, and Broadway. These areas will be enhanced with new mixed-use development, providing ownership opportunities and new shops and services. The highest buildings will be located closest to the intersection. Public realm improvements will further enhance the commercial nodes. (Source: City of Vancouver)