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38171 Westway Av - Residential Development Opportunity 5.6 Acres of Residential Land in Squamish, BC V8B 0Y4

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Investment Highlights

Site Area: ±5.6 acres with RM-3 zoning (Multiple Unit Residential)
Neighbourhood: Valleycliffe – family-friendly, scenic, and well-connected
Proximity: 4 km from downtown Squamish; easy access to Highway 99 linking Vancouver and Whistler

Existing Improvements: 8 buildings with 96 residential units (built in 1967)
Development Potential: Concept plan envisions up to 560 units and 457,235 SF buildable area (subject to rezoning)

Executive Summary

Westway Village offers a rare large-scale development opportunity in the Valleycliffe area of Squamish, BC. The property spans approximately 5.6 acres and is currently zoned RM-3 (Multiple Unit Residential), making it ideal for a comprehensive multifamily residential project. The site includes 96 existing units across eight buildings, originally constructed in 1967, and is being marketed through a strata windup process. With its flat topography, scenic mountain views, and proximity to outdoor recreation, this property is well-suited for developers seeking to create a master-planned community in one of Squamish’s most desirable neighbourhoods. Located about 4 km south of downtown Squamish, the Valleycliffe neighbourhood is known for its family-friendly atmosphere, natural beauty, and strong sense of community. Nestled at the base of the Stawamus Chief, the area offers immediate access to hiking, biking, and climbing trails, while maintaining close proximity to schools, parks, and local amenities. Squamish itself is a rapidly growing community positioned along the Sea-to-Sky corridor between Vancouver and Whistler, offering excellent connectivity and a vibrant outdoor lifestyle. The property’s flat terrain and private setting enhance its development potential compared to other sites in the region.

Westway_Village-Squamish (Jan 2026)

Property Facts

Sale Type	Investment	Property Subtype	Residential
No. Lots	1	Proposed Use	Apartment Units Single Family Development
Property Type	Land	Total Lot Size	5.60 AC
Zoning	RM-3 - RM-3 zoning (Multiple Unit Residential)

Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Residential
Proposed Use	Apartment Units Single Family Development
Total Lot Size	5.60 AC
Zoning	RM-3 - RM-3 zoning (Multiple Unit Residential)

1 Lot Available

Lot

Lot Size	5.60 AC

Lot Size	5.60 AC

5.6 acres RM3 zoned land designated for multi-tenant residential development.

Description

The property at 38171 Westway Avenue in Squamish, BC comprises roughly 5.6 acres and includes eight mid-century residential buildings totaling 96 units. It is located in the Valleycliffe neighborhood, approximately 4 km from downtown Squamish, and offers convenient access to Highway 99. Current zoning is RM-3, supporting multiple-unit residential use. The terrain is level, and the site is connected to municipal infrastructure. Surrounding land use includes residential communities, educational facilities, parks, and trail networks, with notable proximity to the Stawamus Chief and regional outdoor recreation areas. The asset is in a strata windup process for redevelopment consideration.