For sale: East Vancouver multi-family development site
Mark Goodman
Most Influential Real Estate Leader in BC (Storeys) ? Principal Broker at Goodman Commercial Inc. ? Publisher of Goodman Report ? Expert in Apartment Building, Development Land & Investment Property Sales
5056–5076 Earles St, Vancouver
Prior-to letter in place—65 strata units proposed
Norquay Village neighbourhood
Call for price
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
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.
For more details on the site, visit www.goodmanreport.com