East Van development sites

Overview

Purchase two side-by-side condo development sites totalling 58,821 SF (1.35 acres) with plans in place. Site 1 is DP ready, subject to a consolidation of the existing lots. Site 2 offers the opportunity to complete a second ‘mirror’ phase of the initial project. Efficiencies will be maximized in terms of timeline, construction crews, crane swing agreements and sales. Plans envision the construction of two 4-storey buildings comprising a total of 65 + 65 (total 130) market strata units over two levels of underground parking. Seller will entertain offers on one or both sites. Please call for details.

Redevelopment highlights

• Two 4-storey, 65-unit projects
• Proposed FSR of 1.96 for each site
• Buildable area of 57,557 SF for each site
• Net sellable area 52,261 SF for each site
• Max building height of 13.7 m
• 89 parking stalls proposed for each site

Architectural Rendering (Site 1):

Available reports

• Environmental reports
• Architectural plans
• Underpinning and crane swing agreements
• Latest City correspondence

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.