855 Kingsway 0.28 Acres of Commercial Land in Vancouver, BC V5C 3C2
INVESTMENT HIGHLIGHTS
- Potential to develop a new Rental or Strata Apartment under the current C2 Zoning
- Or a new Rental Building could be developed under CD-1 Zoning which would provide additional incentives
EXECUTIVE SUMMARY
The opportunity is to development a new Rental or Strata Apartment under the current C2 Zoning. Alternatively, a new Rental Building could be developed under CD-1 Zoning which would provide additional incentives.
Under this zoning a 3.5 FSR with a six-storey height is permitted for a Rental Building. Alternatively, a Strata Development would provide a total density of 2.5 FSR which would permit three storeys of Residential with a 2.15 FSR above 0.35 FSR of ground floor commercial.
CD-1 Zoning could also be enacted under the Rental 100 Program which would allow a secured Rental Building and a 3.3 Floor Space Ratio (FSR). Additional incentives under this Zoning would be considered.
Under this zoning a 3.5 FSR with a six-storey height is permitted for a Rental Building. Alternatively, a Strata Development would provide a total density of 2.5 FSR which would permit three storeys of Residential with a 2.15 FSR above 0.35 FSR of ground floor commercial.
CD-1 Zoning could also be enacted under the Rental 100 Program which would allow a secured Rental Building and a 3.3 Floor Space Ratio (FSR). Additional incentives under this Zoning would be considered.
PROPERTY FACTS
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Building Class | C |
| Total Lot Size | 0.28 AC |
| Zoning | C-2 - Commercial |
1 LOT AVAILABLE
Lot 14
| Lot Size | 0.28 AC |
The opportunity is to development a new Rental or Strata Apartment under the current C2 Zoning. Alternatively, a new Rental Building could be developed under CD-1 Zoning which would provide additional incentives.
DESCRIPTION
Situated in ideal location between the Mt. Pleasant and Norquay Village Neighbourhoods, 855 Kingsway provides strategic opportunity to develop a new Project on a busy transportation ( Bus route) corridor. New developments are happening in the area reflecting the upcoming revitalization of this neighbourhood.
Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (81)
