Highly sought after corner location, on a quiet street within 200m to King Edward Station on the Canada Line. Recently announced, Bill 47 Transit-Oriented Areas have designated the subject properties for a condo tower at 20 storeys and a density of up to 5.5 FSR. Potential for four lots, 550, 556, 560, 562 West 24th to be sold together forming a 18,625 square foot site with incredible views. This location is ideal, within close proximity to Queen Elizabeth Park and Hillcrest Community Centre, and conveniently located only 10 minutes from downtown via the Canada Line.
Proposals seeking to maximize height and density will be required to:
- Secure 100% of the residential floor area as secured rental housing, with a minimum 20% permanently secured as below-market rental; or ·
- Strata condo, while delivering 20% of the residential floor area as “turn-key” social housing; or
- 100% commercial (ie. hotel or office)
The minimum frontage requirement for all tower sites is 150 feet, except corner sites where the minimum frontage is 132 feet. Applicants will have the choice to include commercial uses at grade.
Please contact the listing agents for further information and inquiries.
Address
550, 556, 560, 562 W 24th Ave, Vancouver, BC
List Price
$1
Property Type
LND
Type of Dwelling
Land
Area
Vancouver West
Sub-Area
Cambie
Lot Size
18625 Sq. Ft.
Listing Brokerage
Oakwyn Realty Ltd.
Zoning
RM-8A