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2388 Galt St 0.24 Acres of Commercial Land Offered at $5,251,028 USD in Vancouver, BC V5N 5J5

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Investment Highlights

Immediate Development: Existing approvals for a 4-storey, 28-unit condo project
Central Position: Just off Kingsway, surrounded by emerging mid-rise residential projects and amenities.

TOD Zone: Designated for up to 8 storeys and 3.0 FSR, supporting substantial density and long-term value growth
Strong Market: Supported by progressive city policy, sustained housing demand, and significant private-sector investment.

Executive Summary

Avison Young is pleased to present the opportunity to acquire 2388 Galt Street, Vancouver, BC (the “Property”). Situated in the heart of East Vancouver, this offering provides a premier development site in the Norquay Village area, one of East Vancouver’s largest growth areas. The Property is ideally situated just off Kingsway, within a vibrant urban corridor experiencing a surge in residential consumers and benefiting from transit-oriented panning policies in the heart of Vancouver. This location is surrounded by an abundance of schools, vibrant retail, key transit-oriented connections, with proximity to downtown Vancouver and surrounding municipalities. Currently, there are plans in-place with an approved building permit for a 4-storey, 28-unit condominium project, streamlining a path to development. The opportunity also exists to increase the density to a 3.0 FSR over 8-storeys, under the newly adopted TOD legislation.

Property Facts

Price	$5,251,028 USD	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Apartment Units
No. Lots	1	Total Lot Size	0.24 AC
Property Type	Land
Zoning	RM-9A - Low Rise Apartments

Price	$5,251,028 USD
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Apartment Units
Total Lot Size	0.24 AC
Zoning	RM-9A - Low Rise Apartments

1 Lot Available

Lot

Price	$5,251,028 USD	Lot Size	0.24 AC
Price Per AC	$21,879,284.21 USD

Price	$5,251,028 USD
Price Per AC	$21,879,284.21 USD
Lot Size	0.24 AC

Permit ready residential development site in the heart of East Vancouver

Description

The Property is ideally situated in Vancouver’s vibrant Kensington-Cedar Cottage neighbourhood, known for its eclectic community and urban convenience. The property is steps from Commercial Drive, a hub of local culture featuring popular cafés, restaurants, and specialty shops, including La Mezcaleria, Trattoria, and Stove Café. Families and residents enjoy close proximity to top schools such as Templeton Secondary School, Queen Alexandra Elementary, and St. Augustine’s Elementary, as well as nearby parks including Guelph Park, Kensington Community Park, and Trout Lake Park, offering abundant green space and recreational opportunities. With excellent transit access along Commercial Drive, connections to downtown Vancouver and UBC are effortless. Surrounded by a strong rental market, established amenities, and a thriving neighbourhood culture, the Property presents a rare opportunity to invest in a highly desirable, well-connected Vancouver location.

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