Original Opportunity: 8 Lot Assembly in Burquitlam Neighourhood SOLD To: Anthem Properties Development: “Dwell” 69 Stacked Townhomes and Garden Suites Land Assembly | Townhouse Development Opportunity The subject site is designated as “Townhousing” through the Burquitlam Lougheed Neighborhood Plan (BLNP), specifically RM-2. This premier site is fronting both Ducklow Street and Smith Avenue and is within walking distance to the Burquitlam Skytrain Station, future YMCA, and adjacency to Mountain View Elementary and Mountain View Park. Ducklow and Smith present an incredible opportunity for townhouse living.
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Original Opportunity: 4 Parcels of Bare Land SOLD To: The City of Abbotsford Development Land | 6 Storey Mixed-Use Development Opportunity Situated in Historic Downtown Abbotsford sits 4 parcels of bare land awaiting your creative ideas. These parcels are currently separated into two potential development sites, but may be able to be adjoined into one large site with an assembly of the middle piece. The Official Community Plan designated land use is for six-storey mixed-use developments, ideally located just steps away from the downtown core. Alternatively, if the sites are not adjoined, a storefront with retail above would be an ideal buildout.
Original Opportunity: ±13,440 SQFT (0.31 Acre) Gross Site Area SOLD To: Mission Community Skills Centre Society Resulting Community Amenity: “Fraser Valley Artisans Food Hub” Downtown Abbotsford Investment & Redevelopment Opportunity The space is currently used as offices and an assembly hall. However, the space could be utilized for a variety of other purposes, which may prove more profitable. Under the C-5 zoning, permitted uses include restaurants, pubs, animal hospitals, child care centre, civic uses, retail, indoor recreation facility and many more. This is the perfect asset to cash-flow and eventually redevelop. REDEVELOPMENT VALUE – The 84 ft x 160 ft lot is prime for redevelopment and is currently zoned C-5 (City Centre Commercial). Under the current zoning with a 2.5 FSR, the site can be redeveloped with 33,600 buildable square feet (BSF). Furthermore, the zoning permits up to 6 storeys and 95% lot coverage. INVESTMENT VALUE – In addition to redevelopment value, the subject site provides a savvy investor with the opportunity to lease out the large 6,374 square foot space for a rate in the neighbourhood of $12/SF base rent (as comparables demonstrated). Bring your creative ideas to maximize space and value to increase potential net operating income.
Original Opportunity: 2 Lot Assembly in Surrey SOLD To: PCI Projects Corporation Development: 100% Rental Tower, 41 Storeys, 401 units Land Assembly in City Center Plan Allowing Mixed Use With RMC-150 Designation The City of Surrey’s City Center Plan designates the site as a Multiple Residential mid to high rise tower. Through a successful rezoning of the site, the buyer will be able to achieve a maximum base density of 3.5 FSR for the development. Additionally, the City of Surrey offers bonus density totalling a maximum of 20% of the base density. This results in a total FSR of 4.2 for the development.
Original Opportunity: 5 Lot Assembly in Guildford Town Centre SOLD To: Crown and Mountain Creations Development: “Prosper” 5 Storeys, 65 Suites Land Assembly for Apartment Development along the 104 Corridor in Surrey Located along the 104th Avenue Corridor in North Surrey and conveniently positioned between Guildford Centre and Surrey City Centre, this offering represents an exceptional opportunity to develop a multifamily 6-storey apartment building in close proximity to the proposed Light Rail Transit Line. The property is situated along the Frequent Transit Corridor and within a short distance to Hawthorne park, shopping centres, which include Central City Shopping Centre and Guildford Towncentre, in addition to a variety of current and future neighbourhood amenities. For further information on the specific development potential of the subject site, please contact the Listing Brokers.
Original Opportunity: 5 Lot Assembly in West End Neighbourhood SOLD To: Canada West Developments Development: “Elina on Eighth” 3 Storeys, 22 Units Land Assembly in New Westminster Acquire five consecutive properties. 1209, 1211, 1213, 1215 and 1217 Eighth Ave, New Westminster, BC, located between Twelfth Street and Thirteenth Street. 1209 to 1217 8th Ave (29,040 SQFT) are designated RGO Residential – Ground Oriented Infill Housing allowing a Townhouse build form. This subject development opportunity is walking distance to shopping, transit and Moody Park.