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Under Contract

MULTI-FAMILY REDEVELOPMENT SITE

320 EAST 15TH AVENUE, Vancouver
Multi-Family redevelopment site
231' x 123' (~ 28,400 SQ FT)

Mount Pleasant neighbourhood


Summary

Lot Size
231.28’ x 122.78’ (28,396.56 SQ FT)
Land Area
0.65 acres
Zoning
RM-4
Floor Space Ratio
1.45
Development Potential
41,175 SQ FT
PID
011-252-715
Legal Description
Lot B Block 98 District Lot 301 Plan 5112

Overview

To acquire a redevelopment site in Vancouver, just off Main Street along East 15th Avenue, currently improved with the Bethlehem Lutheran Church (BLC) and a single family home. The site is rectangular in shape totaling ~ 28,400 SQ FT with RM-4 zoning designation which allows for a conditional 1.45 FSR (depending on form of development).

The Bethlehem Lutheran Church is prepared to look at various options when considering the sale of their property. Preference will be given to a developer who will entertain rebuilding a new 2-storey church for the benefit of BLC of approximately 7000 SQ FT (~ 3,500 SQ FT floor plate) on the existing site. However, BLC will also consider selling the property “as is” and relocating to a different site.

Location

The subject property is located one block east of Main Street on E 15th Avenue in Vancouver’s trendy Mount Pleasant neighbourhood. Mount Pleasant is one of Vancouver’s oldest neighbourhoods with a rich history. It is a vibrant area known for its artistic stores, heritage buildings, and arts-focused festivals. Annual community events include The Drift Art on Main Street, Music on Main, the Autumn Shift Festival, and Car Free Vancouver Day Festival. The area is popular with first-time homebuyers, urban professionals, and families.

Major transportation routes in a north/south direction are along Cambie and Main Streets, Kingsway and Fraser Street, with east/west travel provided by Broadway, E 12th and E 16th Avenue. It’s approximately 10 minutes to Downtown, beaches, and 20 minutes to UBC, making this site a prime and convenient location for redevelopment.

A sampling of the amenities within walking distance to the subject property include the Point Center Mall, Heritage Hall, Canada Post, G&F Financial Group, Pharmasave, Save-On-Foods, and a variety of restaurants and cafes. Mount St. Joseph Hospital is just steps away on Prince Edward and E 13th Avenue.

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