550, 560, 562 W. 24th Avenue, Vancouver, BC
Prime Development Opportunity: 3-Lot Assembly Near King Edward Station
Click here to see the Land Assembly Brochure for more info.
Welcome to an unparalleled investment opportunity in the heart of Vancouver’s bustling Cambie Corridor. This 3-lot assembly, with the potential to incorporate a 4th lot, is strategically located within 200 meters of King Edward Station, offering unmatched access to transit and urban amenities. With a 5.5 Floor Space Ratio (FSR) and zoning potential for a 20-storey residential tower, this site is a developer’s dream.
Location Highlights
Transit-Oriented Development:
- Situated steps from King Edward Station on the Canada Line, ensuring seamless connectivity to Downtown Vancouver, YVR Airport, and Richmond.
- Adjacent to major transit routes, promoting sustainable urban living and reducing dependency on vehicles.
Prime Urban Corridor:
- Located in the Cambie Corridor, one of Vancouver’s most dynamic areas for growth and revitalization.
- Proximity to thriving retail, dining, and entertainment hubs along Cambie Street.
- Easy access to iconic city destinations, including Queen Elizabeth Park and Hillcrest Community Centre.
Neighbourhood Appeal:
- A blend of vibrant urban living and serene green spaces, offering residents the best of both worlds.
- Renowned schools, medical facilities, and recreational amenities in close proximity.
Development Potential
Lot Configuration:
- Three assembled lots with the option to acquire a fourth, creating an expansive parcel perfect for high-density development.
- Total land size conducive to a 20-storey tower, optimizing land use and maximizing return on investment.
Zoning and Density:
- 5.5 FSR allows for significant buildable area, ideal for mixed-use or residential-focused high-rise projects.
- Potential for innovative, eco-friendly designs that align with Vancouver’s commitment to sustainability.
Urban Lifestyle Opportunity:
- Develop a landmark property catering to professionals, families, and down-sizers seeking a premium urban lifestyle.
- Design opportunities for modern amenities, including rooftop gardens, fitness facilities, and community spaces.
Why Invest Here?
High Demand Area:
- Vancouver’s housing market remains one of the most sought-after in Canada, with a consistent demand for high-quality, transit-accessible homes.
- The Cambie Corridor’s ongoing development ensures long-term value appreciation.
Strategic Growth Plans:
- City planning initiatives, including increased density near transit nodes, provide an excellent framework for developers to capitalize on emerging opportunities.
- The Broadway Plan and other city projects further enhance the desirability of this location.
Exceptional ROI Potential:
- Transit-oriented developments consistently yield high rental and sales values due to their convenience and accessibility.
- The site’s unique configuration and zoning make it a rare opportunity for large-scale development.
Next Steps
Seize this chance to create a signature development in one of Vancouver’s most promising neighbourhoods. Whether you’re envisioning luxury condominiums, rental housing, or a mixed-use masterpiece, this land assembly provides the perfect foundation for success.
For further details, to schedule a site tour, or to discuss acquisition, please contact us today at 604-368-4853. We are ready to support your vision and help bring this extraordinary opportunity to life.