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7843 Cambie Street, Vancouver

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7843 Cambie Street, Vancouver FOR SALE CAMBIE CORRIDOR 6-STOREY DEVELOPMENT SITE PHASE 1 RENDERING PHASE 1 PHASE 2 W 62ND AVE. CAMBIE ST. 7807-7843 CAMBIE, VANCOUVER | BC Opportunity to acquire a partially rezoned development site in a prime CONTACT US Cambie Corridor location. KEY HIGHLIGHTS: DAVID TAYLOR Senior Vice President ŵ ±21,120 SF corner site, one of the largest available on Cambie Street Personal Real Estate Corporation Direct: 604 692 1402 ŵ Designated for 6-storey condominium under the Cambie Corridor Plan [email protected] ŵ ±54,650 SF to 56,500 SF combined buildable area ŵ 176 ft. frontage along Cambie Street and 120 ft. frontage along West 62nd TOMMY NO Avenue Associate | Investment Cell: 604-808-8840 ŵ Well located in Vancouver’s Marpole neighbourhood, with close proximity to Direct: 604 692 1076 transit, shopping, services, and restaurants [email protected] ŵ Third reading rezoning approved for 7807 Cambie Street, development permit prior to letter issued ŵ Asking Price: $26,000,000 ($475 per buildable SF) Asking Price: COLLIERS INTERNATIONAL 200 Granville Street, 19th Floor Vancouver, BC V6C 2R6 604 681 4111 $26,000,000 www.collierscanada.com LOCATION The Subject Property is located in the heart of Vancouver’s established Marpole neighbourhood nearby parks, recreation, schools, and retail amenities. The Marpole neighbourhood is a riverfront community located on the south of Vancouver’s west side on the north arm of the Fraser River. Marpole acts as a gateway into Vancouver from Vancouver International Airport with two bridges (Oak Street and Arthur Laing) and the Canada Line rapid transit. The site is within close proximity to Winona Park, Langara Golf Course, Oakridge Mall, Shoppers Drug Mart, Starbucks, TD Bank, T&T Supermarket, restaurants and much more. The nearest Canada Line station is the Marine Drive Station which is just five minutes away. SALIENT FACTS CIVIC ADDRESS: 7807-7843 Cambie Street, Vancouver, BC PID: 009-689-028 & 009-689-044 LEGAL DESCRIPTION: Lot 12 and 13 Block N District Lot 323 Plan VAP9322 Located on the southwest corner of Cambie Street and LOCATION: 62nd Avenue in the Marpole neighborhood of Vancouver 7807 Cambie Street: ±10,560 SF SITE AREA: 7843 Cambie Street: ±10,560 SF NORTH-WEST VIEW Total Site Area: ±21,120 SF 176 ft. frontage along Cambie Street and 120 ft. frontage SITE DIMENSION: along West 62nd Avenue IMPROVEMENTS: Two single family homes built circa 1960 CURRENT ZONING: RT-1 Two Family Dwelling OCP DESIGNATION: 6-Storey Residential 7807 Cambie Street: (2.7 FSR - 3rd Reading Approved) ±28,250 SF BUILDABLE AREA: 7843 Cambie Street: (2.5-2.7 FSR - Rezoning Required) ±26,400 - ±28,250 SF Total Buildable Area: ±54,650 - ±56,500 SF CORNER OF CAMBIE ST & 62ND AVE PHASE 1 PHASE 2 120 ft. 88 ft. 88 ft. W 62nd Avenue 176 ft. Cambie Street FOR SALE | 7807 - 7843 Cambie Street, Vancouver DEVELOPMENT POTENTIAL LEGAL MAP PHASE 1: ŵ 3rd Reading Rezoning Approved ŵ Development Permit Ready 27-unit stratified 6-storey condominium project ŵ ±10,560 SF Site ŵ ±28,250 SF Buildable Area (2.7 FSR) ŵ ±24,160 SF Saleable Area based on architectural plans by GBL Architects ŵ Fixed CAC’s equivalent to $41 PSF PHASE 2: ŵ Rezoning required. Identical OCP designation as Phase 1 CIVIC ADDRESS: 7807-7843 Cambie Street, Vancouver, BC ŵ ±10,560 SF Site PID: 009-689-028 & 009-689-044 ŵ ±26,400 to ±28,250 SF Buildable Area (based on 2.5 to 2.7 LEGAL DESCRIPTION: Lot 12 and 13 Block N District Lot 323 Plan VAP9322 FSR) Located on the southwest corner of Cambie Street and ŵ CAC rate of $115 on additional density above existing RT-1 LOCATION: 62nd Avenue in the Marpole neighborhood of Vancouver zoning OCP MAP 7807 Cambie Street: ±10,560 SF DEVELOPMENT POTENTIAL SITE AREA: 7843 Cambie Street: ±10,560 SF Through the Cambie Corridor and the Marpole Community Plan Total Site Area: ±21,120 SF (2014), the area will transform to a walkable, vibrant, high- 176 ft. frontage along Cambie Street and 120 ft. frontage SITE DIMENSION: density urban area. The site is recognized as residential use up along West 62nd Avenue to 6 storeys, details include: IMPROVEMENTS: Two single family homes built circa 1960 CURRENT ZONING: RT-1 Two Family Dwelling ŵ Residential buildings will be allowed up to 6 storeys and 2.0- OCP DESIGNATION: 6-Storey Residential 2.5 FSR ŵ Above 4 storeys, upper floors will be stepped back from 7807 Cambie Street: (2.7 FSR - 3rd Reading Approved) ±28,250 SF Cambie Street ŵ Buildings will include front doors onto the street and will BUILDABLE AREA: 7843 Cambie Street: (2.5-2.7 FSR - Rezoning Required) ±26,400 - ±28,250 SF activate and enhance the adjacent lane by providing active Total Buildable Area: ±54,650 - ±56,500 SF uses on the rear ŵ Development proposals will include required public features BUILDING ELEVATION TOWNHOUSES 6 STOREY RESIDENTIAL WITH TRANSITIONAL SCALE TO LANE Downtown Vancouver Oakridge Centre Langara College Oak Street Langara Golf Course 7807-7843 CAMBIE ST. Cambie Street Cambie Winona Park Marine Drive SkyTrain SW Marine Drive COMPARABLE PRESALES CONTACT US: ADDRESS DETAILS DAVID TAYLOR Senior Vice President SOLD CAMBIE GARDENS PHASE 1 • # of Units: 124 Personal Real Estate Corporation 1. 500 West 57th Ave • # of Units Sold: 80 Direct: 604 692 1402 Vancouver BC • Avg. Price: $1,623 PSF [email protected] TOMMY NO Associate | Investment Cell: 604-808-8840 COCO OAKRIDGE • # of Units: 57 SOLD Direct: 604 692 1076 2. 5733 Alberta Street • # of Units Sold: 34 [email protected] Vancouver BC • Avg. Price: $1,600+ PSF STANTON • # of Units: 17 SOLD 3. 2095 West 43rd Ave • # of Units Sold: 14 Vancouver BC • Avg. Price: $1,681 PSF COLLIERS INTERNATIONAL 200 Granville Street, 19th Floor Vancouver, BC V6C 2R6 604 681 4111 www.collierscanada.com PARK HOUSE • # of Units: 86 This document/email has been prepared by SOLD Colliers International for advertising and general 4. 485 West 59th Ave • # of Units Sold: 47 information only. Colliers International makes no guarantees, representations or warranties Vancouver BC • Avg. Price: $1,500 PSF 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 MARQUISE • # of Units: 58 excludes all liability for loss and damages arising SOLD there from. This publication is the copyrighted 5. 495 West King Edward Ave • # of Units Sold: 41 property of Colliers International and /or its licensor(s). © 2018. All rights reserved. This Vancouver BC • Avg. Price: $1,500 PSF communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Inc..
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