Land_Assembly_779,767,755,743_W_27_Ave_Van

for sale LAND ASSEMBLY PHASE 3 CAMBIE CORRIDOR 4-5 LOTS for sale →

743, 755, 767, 779 WEST 27TH AVENUE, VANCOUVER

Presented By: The team of Phil Chang Personal Real Estate Corporation, Colin Lo Personal Real Estate Corporation and Rennie & Associates Realty.

Subject Properties: 743 West 27th Avenue, Vancouver 755 West 27th Avenue, Vancouver 767 West 27th Avenue, Vancouver 779 West 27th Avenue, Vancouver

Municipality: Vancouver

Zoning: RS-1 One-Family Dwelling

Area: Cambie - Vancouver West, British Columbia

Development Opportunity: Projected 1.2 FSR townhouse site as per Cambie Phase 3 proposal

Location: Prime Cambie Corridor Phase 3 site adjacent to Braemar Park. Ideally situated between Willow Street and Heather Street for exceptional access to commercial/retail and the Canada Line, while being shielded from the traffic and noise of Cambie Street, Oak Street and King Edward Avenue. Steps to the future King Edward Mall mixed-use hub including shops, housing, services, amenities and public spaces. Property Details: All properties are currently owner occupied single family homes in exceptional condition.

LAND ASSEMBLY FOR SALE

Gross Site Area: 25,000 square feet

Site Dimensions: 200’ x 125’

Buildable Square Feet (approx.): 30,000 square feet

Assessment Value (2017): $13,813,000

List Price: $20,800,000

site

CAMBIE CORRIDOR PLANNING PROGRAM

BOARD 3

MAJOR PROJECTS & UNIQUE SITES The Cambie Corridor includes several Major Projects and Unique Sites that require site-specific policy direction to appropriately respond to the existing uses, unique characteristics, site size, and local context.

LAND ASSEMBLY SITE

16th Ave

W 16thAve.

16thAve.

UNIQUE SITES The Unique Sites provide opportunities to deliver diverse housing options, local amenities, and increased neighbourhood vibrancy. The following are some highlights of the site-specific policies for each Unique Site. Please review Chapter 6 of the proposed Cambie Corridor Plan for more detailed information and conceptual site diagrams. Oakridge Transit Centre Policy statement approved in 2015 Jewish Community Centre Rezoning in process Oakridge Centre Development permit process underway Langara Gardens Planning program underway Pearson Dogwood Rezoning application approved in 2017 Little Mountain Rezoning application approved in 2016 MAJOR PROJECTS The major projects are undergoing their own planning programs, each of which are at various stages. Refer to the project webpages for more detail. 1 BC Women’s and Children’s Hospital 30-year master plan approved Heather Lands Planning program underway

W 18thAve.

Heather Park

KING EDWARD MALL

W 20thAve.

Douglas Park

• Enhance as a vibrant mixed-use hub with a variety of shops, services, housing, amenities, and public spaces • For new housing, target 80% strata with 20% social housing, or 100% rental with 20% below-market rental • Integrate a minor public plaza, an on- site community facility, and new walking connections through the site

W 23rdAve.

W 24thAve.

KingEdwardAve.

W 26thAve.

Braemar Park

W 27thAve.

Hillcrest Park

BCChildren’s and Women’sHospitals

Nat Bailey Stadium

W32ndAve.

Queen Elizabeth Park

Heather Street Lands 2

Oak Meadows Park

Little Mountain 3

W37thAve.

W39thAve.

Oakridge Transit Centre 4

W41stAve.

JewishCommunity Centre

W41stAve.

Oakridge Centre 6

Columbia Park

W44thAve.

W46thAve.

Tisdall Park

W49thAve.

F G

LangaraCollege

SHAWN OAKS

Cambie Park

Langara GolfCourse

• Allow a range of housing with an emphasis on low-rise and lower mid-rise apartments as well as townhouses • For new housing, target 80% strata with 20% social housing, or 100% rental with 20% below-market rental • Integrate a childcare facility in the Shawn Oaks/Louis Brier precinct

Langara Gardens 7

H I

BALFOUR BLOCK

W57thAve.

Pearson Dogwood 8

• A mix of townhouses, low-rise and lower mid-rise buildings • Replace existing and maximize the number of new rental units, with a target of 25% of the net new rental floor area to be below market • Add childcare

W59thAve.

Winona Park

Oak Park

W64thAve.

MARPOLE COMMUNITY PLAN AREA

W67thAve.

AshPark

W 70thAve.

Eburne Park

South Vancouver Industrial Area

EbisuPark

Fraser River

LEGEND

Phase 3 change area Unique Site Phase 2 change area Marpole change area Major Project

Marpole Community Plan (2014) Cambie Corridor study area Existing Station Future Potential Station

PROPOSED PLAN MARCH 2018

CAMBIE CORRIDOR PLANNING PROGRAM

BOARD 5

LAND USE

The land uses shown on this map provide clarity around the type and scale of development that will be considered over the long-term. This map should be considered with Board 6 (Housing Aordability).

LAND ASSEMBLY SITE

TOWNHOUSE • 50% of floor space for units <1,130 sf • Generally 2.5 to 3 storeys • 1.2 FSR • Proposed fixed rate Density Bonus or CAC $65

Contributions towards amenities & aordable housing

W 16thAve.

W 17thAve.

W 18thAve.

Heather Park

•As the Cambie Corridor grows, new public amenities and services will be needed (e.g. aordable housing, parks, childcare) •All developments will make contributions to help fund growth needs

W 20thAve.

Douglas Park

W 21stAve.

W 23rdAve.

W 24thAve.

KingEdwardAve.

W 26thAve.

Braemar Park

W 27thAve.

4-STOREY AND 6-STOREY BUILDINGS • Multi-family housing options in the Corridor with ground-oriented units at the base of buildings and opportunities for commercial space in strategic areas. • 4 Storey proposed fixed CAC target $80 • 6 storey proposed fixed CAC target $115 • 6 storey mixed-use proposed fixed CAC target $125

W 29thAve.

Hillcrest Park

BC Children’s and Women’s Hospitals

Nat Bailey Stadium

W32ndAve.

Queen Elizabeth Park

W33rdAve.

Residential Tower LEGEND

Heather Lands

Oak Meadows Park

W37thAve.

Apartment (up to 12 storeys) Apartment (up to 8 storeys) Apartment (up to 6 storeys) Apartment (up to 4 storeys strata or 6 storeys rental) Apartment (up to 4 storeys)

W39thAve.

Oakridge Transit Centre

W41stAve.

JewishCommunity Centre

W41stAve.

Oakridge Centre

Columbia Park

W43rdAve.

Townhouse Mixed-use Mixed-use towers

W44thAve.

W45thAve.

W46thAve.

4-STOREY STRATA / 6-STOREY RENTAL • 4 Storey 2.0 FSR strata with proposed fixed CAC target $80 • 6 Storey 2.5 FSR 100% secured rental housing (no CAC)

Tisdall Park

Mixed-use (up to 10 storeys) Mixed-use (up to 8 storeys) Mixed-use (up to 6 storeys) Mixed-use (up to 4 storeys) Tower with choice of use Apartment with choice of use at grade (up to 6 storeys) Other Intensive employment Unique site (opportunity for higher densities) Major project (separate planning program underway or approved) To be consolidated with Phase 2 to improve lane/access conditions and building transitions Area-specific rezoning policy will apply in this area to accommodate new street Reference Existing townhouse Area boundary Marpole Community Plan (2014) area Canada Line station Future potential station Place of worship School

W49thAve.

LangaraCollege

Cambie Park

Langara GolfCourse

Langara Gardens

W57thAve.

Pearson Dogwood

W58thAve.

W59thAve.

W60thAve.

Winona Park

Oak Park

15-STOREY AND 18-STOREY TOWERS • High-density form to encourage the delivery of aordable housing (no CAC) • Opportunities for commercial space in strategic areas • “Tower in open space” or “tower on podium” building types • Amenity delivered as: • 100% secured rental with 20% below market rental or • 30% Social and 70% Strata

W62ndAve.

W64thAve.

W65thAve.

W67thAve.

AshPark

W 70thAve.

Eburne Park

EbisuPark

Note: Other citywide or Corridor-wide policies may apply, including institutional use policy and major project sites

PROPOSED PLAN MARCH 2018

CAMBIE CORRIDOR PLANNING PROGRAM

BOARD 7

COMMON HOUSING FORMS

The Plan proposes a number of housing forms, which were informed by community input and the Cambie Corridor planning principles. See the proposed Plan for densities and site-specific policy direction.

TOWNHOUSE

WHERE:

Maintains a neighbourhood character while increasing family housing options and flexibility on individual parcels. • Buildings can be a combination of side-by-side and top-and-bottom (‘stacked’) units, with private outdoor space at the ground level and on roof decks • Generally 2.5 to 3 storeys • 1.2 FSR • Proposed Density Bonus share or fixed CAC target $65 • 50% of floor space for units less than 1,130 sf to improve affordability

4-STOREYRESIDENTIAL WITHTOWNHOUSESOR ACTIVEUSESONTHE REAR

TOWNHOUSES

EXISTING NEIGHBOURHOOD

SHADOW@ EQUINOX (2pm)

TOWNHOUSES

RES. RES. RES.

122’

112’

W 41st Ave (100’)

133’

122’

W40thAve (65’)

Woodstock Ave (65’)

LANE

Example section of townhouse area

WHERE:

APARTMENT ON ARTERIALS (4-STOREY AND 6-STOREY BUILDINGS)

Provides an effective transition between higher- density development along arterials and surrounding lower-density areas.

6-STOREYRESIDENTIAL WITHTRANSITIONAL SCALETOLANE

TOWNHOUSES

4-STOREYRESIDENTIAL

SHADOW@ EQUINOX (2pm)

PEDESTRIAN PERCEPTION ZONE

RES.

RES. RES. RES. RES. RES.

• Provides multi-family housing options in the Corridor with ground-oriented units at the base of buildings and opportunities for commercial space in strategic areas. • Proposed fixed CAC target $80

W 60th Ave frontage

120’

Cambie Street (150’)

119’

111’

Yukon St.

Winona Park

LANE

Example section of 6-storey area

WHERE:

APARTMENT OFF ARTERIALS (4-STOREY STRATA / 6-STOREY RENTAL)

Provides an effective transition between higher- density development along arterials and surrounding lower-density areas. • Offers flexibility in building form and tenure. Density incentives encourage the delivery of much-needed rental housing, by permitting 6 storeys (for 100% secured rental) • 4 storey 2.0 FSR strata • Proposed fixed CAC target $80 • 6 Storey 2.5 FSR for 100% secured rental housing (no CAC) 4-or6-STOREY APARTMENTONASHST 120’

4-or6-STOREY APARTMENTON KERSLANDDR

6-STOREYRESIDENTIAL

RES. RES.

RES. RES. RES. RES.

SHADOW@ EQUINOX (2pm)

125’

Cambie Street (150’)

127’

126’

Kersland Dr (65’)

Queen Elizabeth Park

LANE

Example section of 4- and 6-storey area

PROPOSED PLAN MARCH 2018

DOUGLAS PARK

SUBJECT PROPERTIES

CANADA LINE KINGEDWARDSTATION

W. KING EDWARD AVE.

SPIRES ROAD

BRAEMAR PARK

HILLCREST COMMUNITY CENTRE

BC CHILDREN’S/ WOMENS’ HOSPITAL

the neighbourhood Cambie Village is easily one of the most desirable and convenient locations in Vancouver. Frequently referred to as the “Heart of Vancouver” due to it’s geographic location, this neighbourhood is home to the best parks, schools, restaurants, shops, services and amenities.

NATBAILEY STADIUM

QUEEN ELIZABETH PARK

VANDUSEN GARDEN

W. 41 AVE.

OAKRIDGE MALL

We look forward to working with you.

Phil Chang Personal Real Estate Corporation 604.754.6678

pchang@rennie.com rennie.com/philchang

Colin Lo Personal Real Estate Corporation 604.377.1128 clo@rennie.com rennie.com/colinlo

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