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6575 Oak Street.Indd FOR SALE DEVELOPMENT SITE WITH HOLDING INCOME 6575 OAK STREET VANCOUVER |BC NEW PRICE FOR MORE INFORMATION CONTACT ED FERREIRA MITCH CRAMP PERSONAL REAL ESTATE CORPORATION 778 372 1943 604 662 5122 [email protected] [email protected] 6575 Oak Street Vancouver, British Columbia THE OFFERING CBRE Limited is pleased to offer for sale a future purpose built mixed-use rental development site with holding income. The Subject Property is conveniently located next to the intersection of Oak Street and West 49th Avenue in Vancouver’s west-side. Under the policies of the Cambie Corridor Plan, the subject property is designated “mixed use with rental housing” allowing for new densities of up to 3.0 or 4.0 FSR depending on site assembly and affordable housing requirements. With residential rental vacancies at historical lows throughout Metro 6575 OAK STREET SUBJECT Vancouver, this offering represents an opportunity to WEST 49TH AVENUE secure a strategic parcel for future rental development in an excellent location. PROPERTY SUMMARY OAK STREET CIVIC ADDRESS 6575 Oak Street, Vancouver SITE SIZE LOCATION FUTURE LAND USE CONSIDERATIONS 6,250 sq. ft. (50’ x 125’) The Subject Property is conveniently CURRENT ZONING || Mixed-use with rental housing || New building heights up to 6 or 12 stories C-1 Commercial located approximately 20 minutes from depending on site assembly downtown Vancouver and the University || Densities up to 3.0 or 4.0 FSR depending TENANCY of British Columbia. Langara College is on site assembly and affordable housing Cyclone Taylor Sports located approximately 5 minutes from requirements the site together with the Canada Line ASKING PRICE rapid transit station located at Cambie $5,500,000 OFFERING PROCESS Street and West 49th Avenue. Shopping amenities at Oakridge Centre are located Offers will be reviewed as received on a first-come, first-serve basis approximately 10 minutes away. AREA DOWNTOWN VANCOUVER 20 MINUTES DEMOGRAPHICS King Edward W KING EDWARD AVE 103,115 ESTIMATED POPULATION (0-3KM) Queen AK ST O Elizabeth Park E 33RD AVE VanDusen Botanical Garden $124,866 GRANVILLE ST AVG. HOUSEHOLD INCOMES ST (2018) MAIN ST TU Oakridge ST FRASER 41st Avenue W 41ST AVE ARBU Oakridge Mall 42 MEDIAN AGE Langara 6575 OAK STREET - 49th Avenue W 49TH AVE SUBJECT Langara College UBC 20 MINUTES $140,728 Langara Golf E Course N I 2023 PROJECTED INCOME L W 57TH AVE A D A N A C 114,076 PROJECTED POPULATION (2023) SE MARINE DR VANCOUVER AIRPORT 15 MINUTES FOR MORE INFORMATION CONTACT ED FERREIRA MITCH CRAMP PERSONAL REAL ESTATE CORPORATION 778 372 1943 604 662 5122 [email protected] [email protected] © 2016 CBRE, Inc. This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation; to include all employees and independent contractors (“CBRE”). The information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained from third parties (the “Information”) has not been verifi ed by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affi liated or related companies in other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved. Mapping Sources: Canadian Mapping Services [email protected]; DMTI Spatial, Environics Analytics, Microsoft Bing, Google Earth. Graphic sources: freepik. CBRE Limited | 1021 West Hastings Street | Suite 2500 | Vancouver, BC V6E 0C3 www.cbre.ca.
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