W 41st Avenue Vancouver, Dunbar Neighbourhood, Secure Rental Development Opportunity (9 parcels) London Pacific is pleased to announce the successful sale of 3329, 3339, 3355, 3369, 3389, 3403, 3429 West 41st Avenue and 5649 & 5683 Blenheim Street, Vancouver. This 9-lot land assembly totals nearly 2 acres in the highly desirable Dunbar neighbourhood and was marketed under the Secured Rental Policy, now adopted. London Pacific’s Ari Gelmon represented the Seller and senior brokers Ben Williams and Jerry Lee provided acquisition services to the Buyer. For more listed or “off-market” opportunities like this, please contact us for more info.
Development Land properties
The subject site represents a rare and one-of-a-kind opportunity to acquire land in the City of North Vancouver. The total site area is 1.17 acres or approximately 51,040.53 SQFT (buildable area will be subject to environmental setbacks). Current RS-1 zoning (OCP designation R1- Level 1) accommodates single family home subdivision. Potential rezoning (CD-633) to allow micro home lot subdivision per adjacent Larson Road and Carson Court could be vetted through the City of North Vancouver’s pre-application process.
The subject site is one of the last big parcels of land in the world-renowned bald eagle viewing capital of the world, banking the famous Squamish River and within a few minute drive of downtown Squamish. The formerly small town of Squamish has over the last few years become one of BC’s fastest growing towns and has recently been recognized as having the highest price increase in home prices in Metro Vancouver in 2020/2021. Currently zoned as AGRI-3 this 78.8 acre total sized parcel currently allows agricultural production as well as encompassing horse stables, kennels and pet daycare, and of course a dwelling unit as well as accessory buildings, and also allows accessory retail of produce or products grown on the site. Although currently zoned as agricultural, this parcel is not within the constrains of the ALR and therefore has some potential to be rezoned to allow some form of housing or other perhapsrecreational uses. Accessed by its own bridge which allows for restricted access, this impressive parcel could potentially be used for a very wide variety of uses once rezoned, including an exclusive gated community, or indeed a legacy estate.
Original Opportunity: 2 Lot Assembly in Port Moody Neighbourhood SOLD To: Anthem Properties Development: Mixed-use Residential/Commercial building, 6 Storeys, 192 market rental units Land Assembly in Port Moody This ideally located two-lot site includes a single-family home and a quadplex. Situated in the heart of Port Moody with direct access to restaurants, grocery and nature, this site offers 30,990 buildable sqft. This transit-oriented site is steps from Inlet Centre and Moody Centre stations and has been zoned as Medium Density Residential with an FSR of 2.5. Ben Williams successfuly represented the Purchaser in this off-market Land Assembly.
Original Opportunity: 4 Lot Assembly in Vancouver West Side Neighbourhood SOLD To: Intracorp Homes Development: Secure Market Rental Building, 5 Storeys Land Assembly in Vancouver West This secure market rental opportunity is ideally located in Vancouvers West Side close to many lifestyle amenities. The site boasts a gross lot size of 39,765 sqft and allows for up to 2.4 FSR, which would allow for a 5-storey secure market rental building. Ben Williams successfuly represented the Purchaser in this off-market Land Assembly. Located in Vancouver’s sought after West-Side, this site is well connected to amenities such as shopping, transit, parks and schools.
Zoned as I-2 which encompasses all uses in I-3 as well, the zoning is flexible for industrial redevelopment with a maximum height of some 11m or the property can be kept as an owner-occupied use. The specific area has seen much development of late with 3 buildings containing both residential rentals and commercial uses under construction with more to come in the near future, so the area is seeing a steady influx of people living and working in the direct vicinity. With the increased demand for industrial sites in Squamish as well as the ever-increasing population, this site could be home to your own business or for a wide variety of investment usages.