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5229-5249 Ash St 0.38 Acres of Commercial Land Offered at $7,621,232 USD in Vancouver, BC V5Z 3G3
INVESTMENT HIGHLIGHTS
- Excellent location in proximity to Queen Elizabeth Park, Oakridge Centre, and an abundance of schools and amenities
- Multiple built forms possible (condo development at 2.0 FSR or rental development at 2.5 FSR are supported by the current area plan)
- 16,369-sf condo or rental development site
- Multiple built forms possible (condo development at 2.0 FSR or rental development at 2.5 FSR are supported by the current area plan)
EXECUTIVE SUMMARY
PROPERTY FACTS
| Price | $7,621,232 USD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Redevelopment Project | Proposed Use | Apartment Units - Condo |
| No. Lots | 1 | Total Lot Size | 0.38 AC |
| Zoning | R1-1 - Residential Inclusive | ||
| Price | $7,621,232 USD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units - Condo |
| Total Lot Size | 0.38 AC |
| Zoning | R1-1 - Residential Inclusive |
1 LOT AVAILABLE
Lot
| Price | $7,621,232 USD | Lot Size | 0.38 AC |
| Price Per AC | $20,281,046.57 USD |
| Price | $7,621,232 USD |
| Price Per AC | $20,281,046.57 USD |
| Lot Size | 0.38 AC |
Avison Young is pleased to present an opportunity to purchase 5229-5249 Ash Street, Vancouver, BC (the “Property”). The Property is a premier 16,369-sf future development site, allowing a developer the opportunity to build a condo or rental project.
DESCRIPTION
The Property is situated on the west side of Ash Street, just north of West 37th Avenue, in the Cambie Corridor neighbourhood on the west side of Vancouver. The area is an established residential neighbourhood benefiting from a number of parks and schools nearby. The Property is well-located in proximity to the future Oakridge Centre development and major arterials including Cambie Street, Oak Street, Main Street, and West 41st Avenue. The Oakridge-41st Avenue SkyTrain Station is situated a short distance to the south. This area will see increased growth in population and development. The Heather Lands, a 21-acre master planned community, is situated across the street from the Property. Once complete, this development will provide 2,600 homes, over 125,000 sf of commercial space (retail, restaurant, and office), and childcare facilities. The neighbourhood is highly desirable and accessible by public transportation with bus routes along Cambie Street and West 41st Avenue and bicycle routes along Cambie Street, West 37th Avenue, and Heather Street. Further, a new 35th Avenue extension will connect from Queen Elizabeth Park to the future development on the Heather Lands, which will serve local area traffic and provide a key pedestrian connection through the neighbourhood
Presented by
5229-5249 Ash St
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