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CBRE Limited is pleased to offer for sale a future purpose built mixed-use rental development site with holding income. The Subject Property is conveniently located next to the intersection of Oak Street and West 49th Avenue in Vancouver’s west-side. Under the policies of the Cambie Corridor Plan, the subject property is designated “mixed use with rental housing” allowing for new densities of up to 3.0 or 4.0 FSR depending on site assembly and affordable housing requirements. With residential rental vacancies at historical lows throughout Metro Vancouver, this offering represents an opportunity to secure a strategic parcel for future rental development in an excellent location.
