Brochure - Macdonald Commercial

FOR SALE
Two Vancouver West Side Development Sites
620, 632 & 638 and 668, 680 & 692 West 54th Avenue, Vancouver, BC
Fraser St
SUBJECT
W 41st Ave
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Cambie St
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For further information please contact:
Matt Nugent
Ken
Chong
Personal Real Estate Corporation
Chris Midmore
604.714.4772
mnugent@macrealty.com
604.671.1025
kenc@macrealty.com
604.714.4786
cmidmore@macrealty.com
Macdonald Commercial Real Estate Services Ltd.
1827 West 5th Avenue, Vancouver, BC V6J 1P5
T 604.736.5611 | F 604.736.7976 | www.macdonaldcommercial.com
Although this information has been received from sources deemed reliable, we assume no
responsibility for its accuracy, and without offering advice, make this submission subject to
prior sale or lease, change in price or terms and withdrawal without notice.
EXECUTIVE SUMMARY
620, 632 & 638 and 668, 680 & 692 West 54th Avenue, Vancouver, BC
Address
620, 632 & 638 and 668, 680 & 692 West 54th Avenue,
Vancouver, BC
Legal Descriptions
620, 632 and 638 W. 54th Ave.
Lots 5-7 Block 885 D.L. 526 Plan 9858
PIDs: 009-446-397, 009-446-401, 009-446-419
668, 680 and 692 W. 54th Ave.
Lots 1-3 Block 885 D.L. 526 Plan 9858
PIDs: 009-446-354, 009-446-362, 009-446-371
Location
The Properties are located in the upscale Oakridge/
Langara neighbourhood of south central Vancouver.
Specifically the Properties are located one block west of
Cambie Street and include 6 of the 8 lots on the south side
of the 600 block of West 54th Avenue. The Properties
are between Tisdall Street to the west and Ash Street to
the east and are directly across Ash Street to the west of
the 2.5 acre Cambie Park.
The Properties are also located directly north of and
across a City laneway from Langara Gardens, a 50 year
old 605 unit 20.8 acre residential rental project which is
in the early redevelopment planning stages.
The Canada Line rapid transit runs along
Cambie Street from Downtown Vancouver
to Downtown Richmond and Vancouver
International Airport. The closest stations to
the Property are currently at 49th Avenue and
Marine Drive. Another station is planned for the
west side of Cambie at 57th Avenue to coincide
with the redevelopment of the 25 acre Pearson
Dogwood site on the south west corner of 57th
and Cambie and Langara Gardens on the north
west corner.
In summary the Properties are centrally located
in one of Vancouver’s best neighbourhoods
within a few blocks of rapid transit.
The Sites
The offering includes two development sites
with the following approximate dimensions and
areas:
620-638 W. 54th Ave = 171.66’ X 120’
(Irregular) 21,538 sq. ft.
668-692 W. 54th Ave = 183.55’ X 109’
(Irregular) 19,364 sq. ft.
Although this information has been received from sources deemed reliable, we assume no responsibility for its accuracy, and without offering advice, make this
submission subject to prior sale or lease, change in price or terms and withdrawal without notice.
EXECUTIVE SUMMARY
620, 632 & 638 and 668, 680 & 692 West 54th Avenue, Vancouver, BC
Improvements
Six 50 to 60 year old single family homes
Current Zoning
RS-1 One Family Dwelling
The Property was not included in the first two
phases of the Plan but on April 14, 2015 the
Planning Department presented a “scope of work
plan to City Council for Phase 3 of the Cambie
Corridor Plan” which includes the Property. It
outlines the key objectives, process and timing.
Development Potential
For further information go to
The Cambie Corridor is divided into five neighbourhoods
for planning purposes. The Property is located in the
Langara neighbourhood which covers the area from
49th Avenue to Marine Drive. While the permitted
density in this Plan is 1.2 to 2 FSR, new developments in
the Plan area have achieved up to 2.5 FSR.
(http://former.vancouver.ca/ctyclerk/cclerk/20150414/
documents/rr2.pdf)
Price
620-638 W. 54th Ave = $12,565,000.00
668-692 W. 54th Ave = $11,700,000.00
Cambie St
T
JEC
SUB
Langara Gardens
Although this information has been received from sources deemed reliable, we assume no responsibility for its accuracy, and without offering advice, make this
submission subject to prior sale or lease, change in price or terms and withdrawal without notice.