Original Opportunity: 2 Lot Assembly Neighbourhood: Renfrew Heights Transit Oriented | Future Redevelopment Opportunity The subject site consists of a 2-lot assembly in a convenient location of Renfew St and 22nd Ave in Vancouver. The two properties provide great rental income and purchase price, with future redevelopment potential base on the policies coming in from the City of Vancouver which has yet to be determined. Prime location as Vancouver is forecasting steady population growth with the city focusing on multi-family development occurring close to Transit Oriented Development.
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Original Opportunity: 30 unit Multi-family Investment Neighbourhood: Central Business District, Maple Ridge Multifamily Apartment Investment Opportunity in Business District Villa Marie is a 30-unit multi-family building located on a prime corner lot in the Central Business District of Maple Ridge. Falling under the Town Centre Area Plan this parcel is zoned RM-3 allowing future redevelopment for high-density apartments with a current 2.2 FSR (excluding balconies, common areas and utility rooms). A minimum height of 5 storeys required and an estimated maximum of approx. 10 – 12 storeys could be achieved. Meanwhile, this is an opportunity to acquire a turnkey well maintained and more importantly well-located cash-generating building.
8 Lot Assembly | Medium Density Development Opportunity In Burquitlam This 64,769 SQFT site is designated under draft Burquitlam concept plans for RM-3 medium density apartment residential with considerations to building heights and forms at 6 storeys + 2 levels of underground parking. With maxium FSR at 2.3 and 148,804 SQFT gross buildable area, the projected number of units is 175. Following City held open house in November, the Planning department is tasked to present the following works through the winter/spring of 2016: • Prepare draft BLNP, and implementation action plan • Prepare Servicing Assessment • Third round of public consultation We anticipate that the Burquitlam Area plan will be introduced and approved shortly thereafter. All future developments within Burquitlam shall be guided by the TDS (Transit-oriented Development Strategy) and other official documents. All re-zoning and multifamily development sites are subject to a $3.00 CAC (community amenity contribution) which is reflected in the net increase of density between the existing residential density and the approved developable residential density.
Original Opportunity: Newly Constructed Off Market Commercial Rental: “Popeyes” Louisiana Kitchen Commercial Building – Rental Investment in Chilliwack London Pacific Property Agents and NAI Commercial are pleased to announce the successful off-market sale of 46325 Yale Road in Chilliwack. The subject property was newly constructed in 2020 and built to suit the tenant, Popeyes Louisiana Kitchen. The property is exceedingly desirable as it has a drive-through in a high-traffic, downtown location in Chilliwack.
Original Opportunity: 2 Apartments | 1-2 Retail Store Fronts Apartments Over Prime Retail Close To New Westminster City Centre The retail/mixed-use building consists of ground floor street-facing retail with two frontages, currently housing a Mexican restaurant, with 2 apartments above and to the back, both of which are currently fully tenanted. Resting on a parcel of 4,012 sq ft there is also good potential to assemble the site with the neighbours for redevelopment in the future. Meanwhile, there is a good hold income in the interim, in a sought after and gentrifying region of the City. The property is currently zoned as C-2 but designated in the OCP as RM Residential which allows moderate-sized multiple-unit residential buildings. If DP guidelines are met, there could be potential for a five or six storey low rise building. Additionally, the residential and the commercial rents are considerably under market giving an investor potential for a higher return within the near future.
“Top of the Hill” Transit Oriented 4 Lot Assembly in Burquitlam Neighbourhood London Pacific is pleased to present this exemplary opportunity to purchase a large scale RM-3 development assembly. Situated in a prime “Top-of-the-Hill” location and within walking distance to the Burquitlam SkyTrain Station and urban core, this offering represents the best RM-3 site in all of Burquitlam/Lougheed. With a gross buildable area up to 74,175 SQFT, this large scale assembly site offers a mid-rise condominium re-development opportunity, with approximately up to 150 units (2.3 FSR).