Redevelopment project, Main Street, Vancouver

CAN$4,430,000

4835 Main Street, Vancouver – just added

The C2-zoning allows for up to 3.0 FSR in a building with retail at grade and 3 storeys of residential above, as is the case with the neighbour to the north. Although the existing zoning is valuable and viable (as witnessed by the redevelopments to the north), the potential exists in this area located near a centre of redevelopment (Little Mountain) and along a heavily serviced transit corridor, for a rezoning application of moderate height and density increases.

PROPERTY FEATURES AND HIGHLIGHTS

  • This property is 50’ x 101.33 ‘ lot currently zoned as C-2 Commercial
  • The C-2 zoning allows for up to 3.0 FSR in a building with retail at grade and 3-storeys of residential above

PROPERTY INFORMATION

  • Lot Size – 50’ x 101.33’
  • Zoning – C-2 Commercial
  • Actual Use – Automobile Paint Shop

Our comments:

This property represents on the opportunity for an assembly with adjacent neighbours for a redevelopment project. Due to our staff’s specific knowledge of planning for the area, building and architectural possibilities for the redevelopment, economic valuations and proformas, and ability to negotiate with multiple owners, we have produced a situation where top dollar can be achieved through highest and best use analysis.

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