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5589-5661 Baillie St 0.69 Acres of Residential Land Offered at $13,434,854 USD in Vancouver, BC V5Z 3M7
Investment Highlights
- Four-lot assembly, 29,894.7 sf, in the Cambie Corridor — half a block north of W 41st Ave
- R1-1 ? CD-1 rezoning under the City's Seniors Housing Rezoning Policy; RH Architects enquiry complies
- Structurally undersupplied market — modelled 2030 demand of 960–2,240 high-income AL units against just 820 existing citywide
- Directly across from Oakridge Centre; steps from the Oakridge–41st Ave Canada Line station
- 158-unit Class B assisted living concept — 14 storeys, 153,300 sf, 5.13 FSR, 103 parking stalls
- Wealthy, rapidly aging catchment — Vancouver's 75+ population up 9,400+ by 2030, with $2–6M+ in local single-family equity to fund the move
Executive Summary
Rare seniors care development opportunity in one of Vancouver's strongest growth corridors. This four-lot assembly of 29,894.7 sf sits half a block north of West 41st Avenue, directly across from the Oakridge Centre redevelopment and within walking distance of the Oakridge–41st Avenue Canada Line station.
The site is positioned for rezoning from R1-1 to CD-1 under the City of Vancouver's Seniors Housing Rezoning Policy. The RH Architects rezoning enquiry contemplates a 14-storey, 158-unit Class B assisted living facility totalling 153,300 sf at a 5.13 FSR, with two underground parking levels (103 stalls), a 16-child public daycare, and a publicly-accessible community access space — a program designed to align with the policy's public-benefit framework.
The investment case rests on a structural demand-supply gap. Vancouver's 75+ population is projected to grow by more than 9,400 between 2025 and 2030, with net new senior households living alone — the single best leading indicator of assisted living conversion — rising by nearly 5,800. Against modelled 2030 demand of 960–2,240 high-income AL units, the city today holds just 16 registered facilities and 820 units, with only one competing project in the pipeline. Local single-family equity of $2–6M+ provides the down-the-street buyer base to fund the move.
A complete due-diligence package — including the architectural rezoning enquiry, demand and supply analyses, site survey, hydrogeological and geotechnical reports, Phase I ESA, and current title — is available to qualified purchasers on request.
Co listed with Sutton Group West-Coast Realty and Oakwyn Realty.
The site is positioned for rezoning from R1-1 to CD-1 under the City of Vancouver's Seniors Housing Rezoning Policy. The RH Architects rezoning enquiry contemplates a 14-storey, 158-unit Class B assisted living facility totalling 153,300 sf at a 5.13 FSR, with two underground parking levels (103 stalls), a 16-child public daycare, and a publicly-accessible community access space — a program designed to align with the policy's public-benefit framework.
The investment case rests on a structural demand-supply gap. Vancouver's 75+ population is projected to grow by more than 9,400 between 2025 and 2030, with net new senior households living alone — the single best leading indicator of assisted living conversion — rising by nearly 5,800. Against modelled 2030 demand of 960–2,240 high-income AL units, the city today holds just 16 registered facilities and 820 units, with only one competing project in the pipeline. Local single-family equity of $2–6M+ provides the down-the-street buyer base to fund the move.
A complete due-diligence package — including the architectural rezoning enquiry, demand and supply analyses, site survey, hydrogeological and geotechnical reports, Phase I ESA, and current title — is available to qualified purchasers on request.
Co listed with Sutton Group West-Coast Realty and Oakwyn Realty.
Data Room Click Here to Access
- Property and Site Information
- Market Study
- Municipal Policy and Precedent
Property Facts
| Price | $13,434,854 USD | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Apartment Units - Senior |
| No. Lots | 1 | Total Lot Size | 0.69 AC |
| Property Type | Land | ||
| Zoning | CD - Proposed Rezoning | ||
| Price | $13,434,854 USD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units - Senior |
| Total Lot Size | 0.69 AC |
| Zoning | CD - Proposed Rezoning |
1 Lot Available
Lot
| Price | $13,434,854 USD | Lot Size | 0.69 AC |
| Price Per AC | $19,575,916.43 USD |
| Price | $13,434,854 USD |
| Price Per AC | $19,575,916.43 USD |
| Lot Size | 0.69 AC |
.69 acre land parcel available for sale. Contact agent for additional information.
Description
The Baillie Street property encompasses four contiguous parcels within Vancouver’s Cambie Corridor Plan, totaling approximately 0.69 acres. Current zoning is R1-1, with a proposed rezoning to CD-1 to support seniors housing development under city policy. The site is located across from Oakridge Centre and near Oakridge–41st Avenue Canada Line station, offering excellent transit connectivity. Planning concepts identify a potential high-rise assisted-living facility, reflecting Vancouver’s initiative to address growing seniors housing needs in an area characterized by significant redevelopment and infrastructure improvements.
1 1
Moderately walkable
70/100
Fairly drivable
50/100
Strong public transit
80/100
Moderately bikeable
70/100
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5589-5661 Baillie St
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