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Development Opportunity

1535 E. 1st Ave Vancouver - 13 Suite Apartment
1555 E. 1st Ave Vancouver- 13 Suite Apartment
Site Area: 17,263 SF

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Summary

Combined Site Area
17,263 SF
FSR
2.4
Buildable
41,431 SF
Frontage
150 FT
Height
Up to 6 floors
Year Built
1958
Zoning
RM-4N
Existing Rental Units
26

Legal Description

HQ Commercial has been retained by the owner’s on an exclusive basis to sell the 100% interest in these two apartment building’s located in the Grandview-Woodlands neighborhood of Vancouver. The properties are strategically located just one block from the trendy Commercial Drive area. This is a rare opportunity to acquire two well-maintained, side-by-side rental apartment buildings in an area that is seeing an increased demand for rental housing. The New  Grandview-Woodlands OCP may allow the sites to be assembled and redeveloped as a new purpose built rental apartment building.

The property is conveniently located one block west of the vibrant Commercial Drive corridor. Commercial Drive is a vibrant and trendy neighborhood with cafes, bakeries, and European restaurants.
This area continues to grow and has evolved into one of the trendiest neighborhoods in Vancouver. The neighborhood is well services by transit via commercial drive and the Broadway Bus Corridor. The Commercial-Broadway Skytrain is just minutes away provides access to Downtown Vancouver and throughout the Lower Mainland. The desirable amenities and demand for premier rental housing presents a unique opportunity to acquire a truly irreplaceable development site at the epicenter of new ongoing and proposed development area.

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