441-449 E Pender St - 55-Unit Social Housing Site | 441 E Pender St 0.21 Acres of Residential Land Offered at $4,226,356 USD in Vancouver, BC V6A 1V2

A 55-unit social housing site in Strathcona is available with CD-1 rezoning approved by Vancouver City Council at Public Hearing on February 26, 2026. For a non-profit operator or social housing developer, the entitlement work is done. The buyer steps into a fully structured program with a known covenant framework, a fundable unit mix, and a clear path to by-law enactment and development permitting. Human Studio Architecture + Urban Design has developed a 6-storey residential program on a 9,150 sq ft site, delivering 55 social housing units — 46 micro-dwelling suites, 4 accessible studio units, and 5 two-bedroom units — totalling 35,195 sq ft of buildable area at a 3.09 FSR. The low-parking design (2 stalls, relaxation in place) is calibrated to the tenant profile and keeps operating costs lean. Amenity and staff office space are incorporated into the program, addressing one of the most common operational constraints at this scale. All residential floor area is secured as 100% social housing for 60 years or the life of the building, whichever is longer. The site is within the Downtown Eastside Community Plan area, Strathcona sub-area — the most supportive policy context available for this asset class in Vancouver. An established residential co-operative sits directly across the street; new high-rise development across the lane confirms the neighbourhood's capacity for 6-storey social housing. The program has been positioned for seniors housing or independent living, and the covenant structure is aligned with BC Housing and CMHC funding requirements. At $5,750,000 ($163/buildable sq ft), the entitlement premium reflects what has already been accomplished. Co-listed with Oakwyn Realty Ltd.