Residential site in Vancouver's Shaughnessy sold for $12.7M

Land parcel totalling nearly an acre, in Vancouver's most exclusive neighbourhood, has potential for 85 rental units

By
for Western Investor
November 20, 2019





DD Shaughnessy residential site land parcel

A near one-acre parcel in Vancouver’s exclusive Shaughnessy neighbourhood, zoned for residential rental with the potential for 85 units, has sold for $12.7 million.

Breakdown:

Property type: Residential development site

Location: 1464 West 32nd Street and 4750 Granville Street, Vancouver

Property size: 37,938 square feet

Zoning: RS-5 (low-rise residential)

Potential: 85 rental suites

Price: $12.7 million

Date of sale: October 25, 2019

Brokerage: Goodman Commercial Inc.

Broker: Mark Goodman    `


Mark Goodman is a principal at Goodman Commercial and specializes in the rental apartment and development site market in Metro Vancouver. He is also a co-publisher of The Goodman Report.

Goodman Commercial
560–2608 Granville Street,
Vancouver, B.C. V6H 3V3
Office: 604-558-5511
www.goodmanreport.com

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