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438 - 476 West 43Rd Avenue, Vancouver, BC For Sale 438 - 476 West 43rd Avenue, Vancouver, BC Oakridge - 41st Ave Station Oakridge Vancouver Redevelopment Oakridge Highrise Development Opportunity Cambie Street 200 Granville Street West 44th Avenue 19th Floor Vancouver, BC V6C 2R6 Canada Main: +1 604 681 4111 collierscanada.com David Taylor Matt Saunders Morgan Iannone Senior Vice President | Personal Real Estate Corporation Vice President | Personal Real Estate Corporation Senior Vice President | Personal Real Estate Corporation +1 604 692 1402 +1 604 661 0802 +1 604 662 2654 [email protected] [email protected] [email protected] Highlights Salient Facts Offering Price Civic Address 438-476 West 43rd Avenue, Vancouver $29,700,000 LOT 21-23 BLOCK 860 DISTRICT LOT 526 PLAN 7737 Legal Address PID’s: 010-548-009, 004-532-091 and 010-548-017 $219 per buildable SF (approx.) Site Area 19,928 SF The site is located on the south side of West 43rd Avenue between Cambie Location Street and Alberta Street Current Zoning RS-1 (One-Family Dwelling) Cambie Corridor Phase 3: Mixed-use (4-storey podium with tower element up to 18-storeys) Designation ŵ Exceptional opportunity to develop a residential highrise half a block from Oakridge Centre and just steps away from the Oakridge-41st Avenue Canada Line Station Legal Map Site Plan ŵ 19,928 SF site (165’ x 120’) with Cambie Corridor Plan rezoning designation to allow a residential tower 18 storeys in height with retail at grade ŵ Estimated density of 136,000 gross buildable SF based upon 6.80 FSR 4-storey podium and 6,500 SF tower floorplates W 43rd Avenue W 43rd Avenue ŵ Rezoning policy allows market & below market rental, or condo & social 165 ft housing 165 ft ŵ Located just a 2-minute walk from Oakridge Centre, and a 4-minute walk from Oakridge-41st Avenue Canada Line Station SUBJECT SITE ~120 ft ~120 ŵ Benefit from the dramatic redevelopment of Oakridge Centre including 120 ft a new 9-acre park, new retail and restaurant space, and a 100,000-SF Civic Centre, creating an exciting cultural and entertainment hub ŵ Take part in the remarkable transformation of Oakridge into Vancouver’s new downtown Neighbourhood 16 18 The property is located on a quiet residential street in a very desirable BRAEMAR area of Vancouver’s Westside. The site offers excellent access to rapid PARK transit with less than a 5-minute walk to both Oakridge-41st Avenue and Langara- 49th Avenue Canada Line stations and bus stops, providing DEVONSHIRE HILLCREST easy access to all parts of Metro Vancouver. Conveniently located within PARK CENTRE a park, amenity and service rich neighbourhood that continues to grow 25 4 with the area’s redevelopment. 24 9 21 VANDUSEN BOTANICAL 11 QUEEN ELIZABETH GARDEN PARK 22 10 OAK 23 Amenities MEADOWS PARK SHOPPING SCHOOLS 19 1. Oakridge Centre 11. Eric Hamber Secondary School 6 2. Hudson’s Bay 12. King David High School 3. Kin’s Farm Market 13. Langara College 4. Nat Bailey Farmer’s Market 14. Sir Winston Churchill Secondary 17 12 8 5. Safeway 15. Sir William Van Horne Elementary 1 COLUMBIA 15 6. Signature BC Liquor Store 16. Little Flower Academy 2 PARK 17. Crofton House School MONTGOMERY 3 PARK 5 MACDONALD 18. York House School 7 PARK 19. Vancouver College High School SUBJECT RESTAURANTS ATTRACTIONS TISDALL 7. Peninsula Seafood 20. Langara Golf Course PARK 8. White Spot 21. Queen Elizabeth Park 9. Seasons in the park 22. VanDusen Botanical Garden 10. Shaughnessy Restaurant 23. Queen Elizabeth Pitch & Putt 13 24. Bloedel Conservatory 25. Hillcrest Community Club LANGARA GOLF COURSE 20 14 Subject Tower massing Oakridge mall approved re-development Oakridge Vancouver Development Potential The transformation of Oakridge Mall is well underway. Westbank and Quadreal are undertaking one of the largest urban redevelopment projects in Canada, to become Vancouver’s new cultural hub. When completed, Oakridge Vancouver will be a luxury high rise community with over 2,500 units in a park like setting with new public art, retail, and restaurants. The Cambie Corridor Plan (the “Plan”) was approved by City of Vancouver Council in 2018. The Plan has designated the subject properties within the Oakridge Municipal Centre Area (4.3.5). Cambie Corridor Plan: In this sub-area, rezoning applications will be considered for new towers up to Status First three towers under construction 18-storeys in height where an application provides either 30% social housing, or 100% rental housing, with 20% rentals below market. Active commercial is required at grade. Total Units Released: 656 Units Sold 425 Height: Up to 18-storeys Massing: 4-storey podium with 6,500 SF tower floor plates Tower Separation: Minimum 90 ft. Rezoning Guidelines: Pricing: Estimated blended average $2,500 per SF Setbacks: Zero side-yard setbacks Step back at 4th storey Max 70 ft. residential podium depth Cambie corridor Phase 3 plan Proposed SkyTrain Entrance at Oakridge Mall Oakridge Mall approved re-development Downtown Vancouver 200 Granville Street 19th Floor Vancouver, BC Queen Elizabeth Park V6C 2R6 Canada Main: +1 604 681 4111 collierscanada.com W 41st Ave Oakridge Centre Columbia Park W 49th Ave Langara College David Taylor Cambie Street Langara Golf Course Senior Vice President |Personal Real Estate Corporation +1 604 692 1402 [email protected] Matt Saunders Vice President |Personal Real Estate Corporation +1 604 661 0802 [email protected] Morgan Iannone Senior Vice President |Personal Real Estate Corporation +1 604 662 2654 [email protected] This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers international and/or its licensor(s). Copyright © 2021.
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