Development Opportunity

OFFERING FOR SALE – This 80,924 square foot site is designated under the newly adopted Official Community Plan (March 2015) for Residential Level 5 medium density, with consideration to building height to a maximum of 4-storeys. Residential Level 5 medium density allows for a maximum 1.6 FSR, with an optional additional 1.0 FSR towards purpose-built rental.

The site dimensions are approximately 137 feet by 650 feet, however a road dedication of approximately 10 to 15 feet from East 3rd Street should be anticipated. All densities are calculated from Gross Site Area.

Development design via the Lower East 3rd Street Implementation Policy Guidelines are underway and expected to complete near the end of 2015, along with a City initiated pre-rezoning prior to that. All application for development will be held until pre-zoning has taken place. $20 CAC’s will apply to all density over existing 0.5 FSR.

Location

This premier North Shore development opportunity consists of 12 fully assembled single family parcels from 703 to 759 East 3rd Street, City of North Vancouver. Situated in the Moodyville Neighborhood, this site is adjacent to the Lonsdale Corridor and minutes away from the Lonsdale Quay Market, Sutherland High school and Ridgeway Elementary school. Moodyville Park and the newly expanded Spirit Trail encompass the variety of green space surrounding this Site.

Located on the high (South) side of East 3rd Street, future development here will be facing a Southerly slope which will offer views of Moodyville Park and direct access to the Spirit Trail. Transit is located on 3rd Street, which is a major vehicle artery for easy access in and out of Moodyville, and commute time to the Second Narrows is only 3 minutes by car.