Westside development site fetches $16.5 million

The property is within the perimeters of the Cambie Corridor Phase 3 plan

By
for Western Investor
April 26, 2017





west side
 
Price: $16,500,000
Lot Size: 18,480 SF
Property Type: Land
Zoning: C-1
Date of Sale: 04/18/2017
City: Vancouver 
Province: B.C.
Name of Brokerage: HQ Commercial 
 
A Westside development site has sold for $16.5 million, HQ Commercial reports. 
 
The mixed-use land allows for a FSR of 2.5 and a potential for 46,200 square feet of buildable area. The site is situated within the borders of the Cambie Corridor Phase 3 plan, currently under review. The property is zoned C-1 for commercial development and priced at $357 per buildable square foot. 
 
The site is located at the corner of W 42nd Avenue and Oak Street, at 5763-5775 Oak St., Vancouver. 
 
 

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Cynthia Jagger is a principal at Goodman Commercial and specializes in the rental apartment and development site market in Metro Vancouver. She 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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