King Edward SkyTrain Station
CAMBIE STREET WEST KING EDWARD AVENUE
Subject Property
WEST 27TH AVENUE
WEST 28TH AVENUE
FOR SALE WEST 29TH AVENUE www.avisonyoung.com
4339 – 4387 CAMBIE STREET & 506 WEST 27TH AVENUE Vancouver, BC
Rare opportunity to acquire a large-scale Cambie Corridor development site (40,500 square feet)
Michael Buchan*, Principal Mitchell Knoepfel, Associate 604.647.5079 604.757.4942 [email protected] [email protected] *Michael Buchan Personal Real Estate Corporation 4339 – 4387 Cambie OPPORTUNITY Avison Young is pleased to present one of the last remaining, Street & 506 West large-scale residential development sites in the King Edward to Queen Elizabeth area of the Cambie Corridor. This tremendous 27th Avenue development site spans an entire City block for a total land size of approximately 40,500 square feet, with 270 feet of frontage along Cambie Street. The Property is extremely well located being just Source: Google two blocks from the King Edward Canada Line SkyTrain Station and a three-minute walk to Queen Elizabeth Park. Vancouver, BC SURROUNDING AREA – CAMBIE CORRIDOR The Cambie Corridor continues to take shape with many developments completed or in progress since the adoption of the Cambie Corridor Plan, adding amenities and vibrancy throughout the neighbourhood with prime access to rapid transit via the Canada Line. A part of these developments is the large-scale upgrades and improvements to Oakridge Centre, located on the PROPERTY DETAILS southwest corner of West 41st Avenue and Cambie Street, a short walk or drive to the south. The Property is also located within proximity to Queen Elizabeth Park, a 130-acre park representing the highest point in Vancouver and home to trails, a pitch and putt course, tennis courts, the Bloedel Conservatory and more. This neighbourhood is a central point in the city; the nearby thoroughfares ensure straightforward and quick accessibility to all parts of Vancouver as well as the surrounding municipalities.
PIDS 010-871-438, 010-871-471, 003-650-278, 007-090-536 SURROUNDING DEVELOPMENTS
CURRENT ZONING CONDO RS-1 Project Address Total Units Launch Date Average size (sf) $psf Built Form
FRONTAGE Apartment (up to 6 storeys) 4621-4663 Chelsea 79 October, 2018 984 $1,525 6 Storey Concrete 270 feet on Cambie Street Cambie Street The Vendor has completed extensive upfront due diligence including environmental 467-495 West reports and discussions with the City of Vancouver providing savings on time and Marquise 58 May, 2019 894 $1,400 6 Storey Concrete SITE SIZE money for third party consultants. King Edward Amber 619-633 West 40,500 sf 31 September, 2019 1,117 $1,268 4 Storey Wood Frame Douglas Park King Edward 5130–5170 $1,500 (approx. PROPERTY TAXES (2019) DEVELOPMENT OPPORTUNITY Voyce 81 August, 2020 694 6 Storey Concrete Cambie Street 50% presold) $188,568 HIGHLIGHTS RENTAL ASSESSED VALUE (2020) 270 feet of Cambie Street frontage $34,954,800 Project Address Total Units Stage Average size (sf) Density Built Form
618 West 32nd Applied for CAMBIE CORRIDOR OCP Full city block in the heart of the Cambie Corridor - 34 TBD 2.46 6 Storey Wood Frame Avenue rezoning Residential – up to 6 storeys in height Holding income through rezoning and development FLOOR SPACE RATIO (FSR) +/- 2.75 FSR (+/- 111,375 buildable sf) Development efficiency from scale and size COMMUTE TIMES (access & egress) Downtown Vancouver Oakridge Centre Vancouver International Airport Granville Island ASKING PRICE Please contact the listing agents Two blocks from the Canada Line - King Edward Station Potential for two (2), 6-storey buildings 1015 3 15 15 2910 26 MINUTES MINUTES MINUTES MINUTE MINUTES MINUTES MINUTES MINUTES +/- 2.75 Floor Space Ratio (FSR) BY CAR BY TRANSIT BY CAR WALK BY CAR BY TRANSIT BY CAR BY TRANSIT King Edward SkyTrain Station
WEST KING EDWARD AVENUE
CAMBIE STREET STREET CAMBIE CAMBIE
ASH STREET STREET ASH ASH
WEST 27TH AVENUE
3 Minute Walk to King Edward SkyTrain Station
WEST 28TH AVENUE
WEST 29TH AVENUE
Queen Elizabeth Park
Partnership. Performance.
Avison Young #2900-1055 W. Georgia Street Box 11109 Royal Centre, Vancouver, BC V6E 3P3, Canada
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Michael Buchan*, Principal Mitchell Knoepfel, Associate © 2020 Avison Young. All rights reserved. 604.647.5079 604.757.4942 E. & O.E.: The information contained herein was obtained from sources that we deem reliable and, while thought to be [email protected] [email protected] correct, is not guaranteed by Avison Young Commercial Real *Michael Buchan Personal Real Estate Corporation Estate (B.C.) Inc.; DBA, Avison Young.