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485 28th Ave W
Vancouver, BC V5Y 2K9

Land For Sale · 0.24 AC

Investment Highlights

  • Prior-to-Letter in hand - 6 Storey, 26 Concrete Condos
  • Potential reposition for Mass Timber use 12 stories of Condos with relaxed parking requirements
  • Within Tier 2 Radius of King Edward Skytrain (12 stories/4.0 FSR)

PROPERTY FACTS

Property Type Land
Property Subtype Residential
Total Lot Size 0.24 AC

Description

Approved with 'Prior-to-Letter' in place regarding 26 Units of Concrete Condominiums over 2 levels of underground parking featuring roof-top amenities. Bill 47 TOA designation within 400m of King Edward Skytrain suggesting minimum density of 12 stories and 4.00 FAR could also be possible. The property is located in one of the most sought-after areas in Vancouver's West Side, making it a rare opportunity to acquire a development property in this location. Its proximity to the King Edward Skytrain station, just a 4-minute walk away, offers convenience and accessibility to transportation for future residents or tenants. The property is just an 8-minute walk from BC Children's Hospital, making it an ideal location for medical professionals, patients, and families. There are numerous amenities in the area, including shopping centers, parks, and recreational facilities, making it an attractive location for families and young professionals. With partial entitlements in place, the property offers the opportunity to avoid lengthy application delays and proceed directly to development permit and building permit, saving valuable time and money. The rising sales market in this area makes this opportunity even more attractive, offering the potential for a profitable return on investment.

zoning

Zoning Code R1-1 ('Prior-to-Letter' issued.)
R1-1 ('Prior-to-Letter' issued.)
  • Listing ID: 31610301

  • Date on Market: 25/04/2024

  • Last Updated:

  • Address: 485 28th Ave W, Vancouver, BC V5Y 2K9

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