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8029-8225 Oak St

1.57 Acres of Residential Land Offered at £28,384,239 in Vancouver, BC V6P 4A8

Investment Highlights

  • High density development potential, with ease of development due to large, rectangular-shaped site
  • Exceptional accessibility - within walking distance to the Marine Drive Skytrain Station
  • Excellent proximity to retail and service amenities, several schools, and green spaces

Executive Summary

CBRE Limited is pleased to present the unique opportunity to acquire 8029-8225 Oak Street (“the Site”), an exceptionally well-located corner residential redevelopment site within walking distance of the Marine Drive SkyTrain Station. With 600 feet of frontage along Oak Street, the Site is prominently situated within the heart of the Marpole neighbourhood within Vancouver West. Centrally located between downtown Vancouver and the Vancouver Airport (YVR), the Site offers excellent accessibility throughout Metro Vancouver. The Site is only a 15-minute walk from the Canada Line Skytrain, and Oak Street is a major North-South connector, linking the Fairview community in the North and the Oak Street Bridge in the South leading to Richmond. This development opportunity offers the potential to build multi-family residential within a premium, sought-after location in Vancouver West, with the potential to yield a maximum of 170,975 square feet (up to 2.50x FSR). The Site is strategically structured as two assemblies, offering a potential purchaser flexibility as well as the opportunity to purchase the shares of the bare trust nominee corporations. The site is currently improved with 12 single-family homes, providing stable holding income during the redevelopment process.

Property Facts

Price £28,384,239
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 1.57 AC

1 Lot Available

Lot

Price £28,384,239
Price Per AC £18,079,133
Lot Size 1.57 AC

8029-8225 Oak Street (“the Site”), an exceptionally well-located corner residential redevelopment site within walking distance of the Marine Drive SkyTrain Station.

Description

The Site at 8029-8225 Oak Street is a prime corner residential redevelopment opportunity, ideally located within walking distance of the Marine Drive SkyTrain Station. Featuring 600 feet of frontage along Oak Street, it is prominently positioned in the heart of Vancouver West's Marpole neighborhood. The Site is adjacent to West 67th Avenue, a popular walking and cycling route linking the Granville Street Corridor, local library, schools, churches, and the Canada Line station.

Walk Score ®
Very Walkable (89)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code RS-1 (Single Family Residential)
RS-1 (Single Family Residential)
  • Listing ID: 33086996

  • Date on Market: 06/09/2024

  • Last Updated:

  • Address: 8029-8225 Oak St, Vancouver, BC V6P 4A8

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