London Pacific and Marcus Millichap are excited to to bring to you a rare opportunity for a high-density tower development opportunity in the heart of the Metrotown neighbourhood. The site has been fully assembled and is within walking distance to the Metrotown Skytrain station, abundant living conveniences and restaurants.
Transit-oriented development Opportunity in Maywood, Metrotown
• High-density development site consisting of three adjacent RM4s + RM4r (as designated per the Metrotown Downtown Plan) properties in the heart of the Maywood neighbourhood in Metrotown.
• Density Schedule permits up to 6.15 FAR including a total of 4.45 FAR of market strata density and 1.7 FAR of rental density.
• Prime AAA location along Dow Avenue; mere steps to Metropolis at Metrotown, BC’s largest shopping mall, and the Metrotown Station, providing Skytrain access throughout Metro Vancouver, with access to downtown Vancouver in 25 minutes.
• Three existing 2-storey wood-frame apartment buildings with a total of 42 suites currently occupy the site. All tenants are on month-to-month tenancies and annual gross rental income totals approximately $415,000.