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Investment Highlights

  • Fully entitled market rental development opportunity
  • Building permit fees paid
  • Exceptional residential rental market with historically low vancany rates
  • 100% secured market rental development with no below market rental requirement
  • Strategic downtown location with excellent transit accessibility
  • Issued CMHC COI with approximately $700k of savings if site excavation commences May 2025

Executive Summary

Corbel Commercial is proud to present a 100% interest in a fully entitled, secured market rental development opportunity in the heart of Downtown Vancouver. Boasting exceptional exposure on West Hastings Street, and thoughtfully designed for Vancouver’s high-demand urban rental market and thriving retail sector, the site is strategically positioned just minutes from the Central Business District, at the crossroads of Gastown, Crosstown and Downtown. It is among several innovative developments, upcoming projects, and key local landmarks.
The fully assembled and entitled site offers an immediate opportunity to commence development of a 12-storey, urban mixed-use development featuring 115 secured rental units and two (2) street-level commercial spaces, rooftop amenity, minimized holdings costs and vacant possession. The development is intentionally designed for the urban dweller and long-term student resident seeking incomparable convenience and proximity to Downtown Vancouver’s key entertainment attractions and employment and educational hubs.
The proposed rezoning emphasizes density, sustainability, and modern urban design, featuring extensive bike storage and minimal vehicle parking. This property stands out as a strategic opportunity for developers seeking an immediate foothold in Vancouver’s dynamic rental and commercial landscape.

Property Facts

Sale Type Investment or Owner User
Sale Condition Redevelopment Project
No. Units 115
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class B
Lot Size 0.30 AC
Construction Status Proposed
Building Size 101,557 SF
No. Stories 12
Year Built 2027
Zoning CD-1 - comprehensive development district

Amenities

Site Amenities

  • Bicycle Storage
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Exceptionally bikeable
90/100
  • Listing ID: 34465750

  • Date on Market: 1/13/2025

  • Last Updated:

  • Address: 314-328 Hastings St W, Vancouver, BC V6B 1K6

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