FOR SALE | WEST SIDE REDEVELOPMENT SITE

Overview

CBRE Limited is pleased to present the unique opportunity to acquire 8029-8225 Oak Street (“the Site”), an exceptionally well-located corner residential redevelopment site within walking distance of the Marine Drive SkyTrain Station. With 600 feet of frontage along Oak Street, the Site is prominently situated within the heart of the Marpole neighbourhood within Vancouver West. Centrally located between downtown Vancouver and the Vancouver Airport (YVR), the Site offers excellent accessibility throughout Metro Vancouver. The Site is only a 15-minute walk from the Canada Line Skytrain, and Oak Street is a major North-South connector, linking the Fairview community in the North and the Oak Street Bridge in the South leading to Richmond. This development opportunity offers the potential to build multi-family residential within a premium, sought-after location in Vancouver West, with the potential to yield a maximum of 170,975 square feet (up to 2.50x FSR). The Site is strategically structured as two assemblies, offering a potential purchaser flexibility as well as the opportunity to purchase the shares of the bare trust nominee corporations. The site is currently improved with 12 single-family homes, providing stable holding income during the redevelopment process.
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Location Description

Located at the corner of Oak Street and West 64th Avenue

Sizes and Measurements

Total Size

170,975 sq. ft.

Frontage Size

600 ft.

Land Size

1.57 acres

General Information

For Sale

$51,290,000

Zoning

RS-1

Number of Storeys

6

Usage Type

Residential

Sub Type

Multi family Mid-Rise

Photos

8029-8225 OAK STREET
8029-8225 OAK STREET2