Dundee Street Earles Street Kingsway For Sale > Development … · 2017. 2. 7. · >19,353 SF site,...

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> 19,353 SF site, currently zoned C-2 and RS-1 > Rezoning potential under Norquay Plan for 8-10 storeys, 3.8 FSR, 73,500 SF buildable > Prominent corner site ideally configured for residential above retail > Located in booming Norquay Village area of East Vancouver > Scarce supply of inventory in East Vancouver underpins value > 10-minute walk to 29th Avenue SkyTrain Station, 10-minute drive to Metrotown > Asking Price – $14,100,000 ($192 per buildable @ 3.8 FSR) For Sale > Development Opportunity 2768-2784 Kingsway & 5264 Earles Street Vancouver, BC DAVID TAYLOR* 604 692 1402 [email protected] COLLIERS INTERNATIONAL 200 Granville Street, 19th Floor Vancouver, BC V6C 2R6 604 681 4111 www.collierscanada.com Development Highlights Kingsway Earles Street Dundee Street

Transcript of Dundee Street Earles Street Kingsway For Sale > Development … · 2017. 2. 7. · >19,353 SF site,...

Page 1: Dundee Street Earles Street Kingsway For Sale > Development … · 2017. 2. 7. · >19,353 SF site, currently zoned C-2 and RS-1 > Rezoning potential under Norquay Plan for 8-10 storeys,

> 19,353 SF site, currently zoned C-2 and RS-1

> Rezoning potential under Norquay Plan for 8-10 storeys, 3.8 FSR, 73,500 SF buildable

> Prominent corner site ideally configured for residential above retail

> Located in booming Norquay Village area of East Vancouver

> Scarce supply of inventory in East Vancouver underpins value

> 10-minute walk to 29th Avenue SkyTrain Station, 10-minute drive to Metrotown

> Asking Price – $14,100,000 ($192 per buildable @ 3.8 FSR)

For Sale >Development Opportunity2768-2784 Kingsway &5264 Earles StreetVancouver, BC

DAVID TAYLOR*604 692 [email protected]

COLLIERS INTERNATIONAL200 Granville Street, 19th FloorVancouver, BC V6C 2R6604 681 4111www.collierscanada.com

Development Highlights

Kingsway

Earle

s St

reet

Dund

ee St

reet

Page 2: Dundee Street Earles Street Kingsway For Sale > Development … · 2017. 2. 7. · >19,353 SF site, currently zoned C-2 and RS-1 > Rezoning potential under Norquay Plan for 8-10 storeys,

Civic Addresses:

2768 Kingsway, 2780 Kingsway, 2784 Kingsway & 5264 Earles Street, Vancouver, BC

PIDs: 028-265-505, 010-691-014, 010-512-985, 011-818-506

Location: Located on the southeast corner of Kingsway and Earles Street

Site Area:

2768 Kingsway 9,490 SF2780 Kingsway 3,127 SF2784 Kingsway 3,722 SF5264 Earles Street 3,014 SFTotal 19,353 SF

Site Assembly:

A city-owned lane is located between the Kingsway and Earles Street properties. The City of Vancouver has indicated preliminary support to move the lane to the South. Please see detailed info package for more detail.

Current Improvements:

2768 Kingsway - Vacant single storey commercial2780 Kingsway - Single storey commercial leased to restaurant (expiry April 2019)2784 Kingsway - Single storey commercial building, currently tenanted5264 Earles Street - House currently tenanted

Total Assessment: $10,291,700 (total combined 4 lots)

Gross Taxes (2016): $83,921

Zoning: 2768, 2780 & 2784 Kingsway C-2 Commercial5264 Earles Street RS-1 Residential

170 feet

City-owned Lane14

3 fe

et

FOR SALE > KINGSWAY & EARLES STREET

Salient Facts

LocationThis property is situated in the heart of Vancouver’s up-and-coming Norquay neighbourhood offering a 10-minute walk to the 29th Avenue SkyTrain station and less than a 20-minute drive to the Downtown core. Along Kingsway, are numerous services and amenities as well as charming restaurants and cafés. Several first class schools are also located in the area including Lord Selkirk Elementary and Annex, John Norquay Elementary and Gladstone Secondary.

Legal Map

Page 3: Dundee Street Earles Street Kingsway For Sale > Development … · 2017. 2. 7. · >19,353 SF site, currently zoned C-2 and RS-1 > Rezoning potential under Norquay Plan for 8-10 storeys,

Norquay Village Neighbourhood Centre PlanThe subject site is designated within the Norquay Village Neighbourhood Centre Plan as ‘Kingsway Mid-rise’. Rezoning potential includes:

Maximum Height: 8 to 10 storeys

Density; Up to 3.8 FSR

Retail: Minimum 0.35 FSR

Setbacks: 25 feet on Kingsway

Upper Setbacks: Minimum 5 feet above 6-storeys

NOVEMBER 2010 NORQUAY VILLAGE NEIGHBOURHOOD CENTRE PLAN 29

3.0 RESIDENTIAL NEIGHBOURHOODS

Figure 2: New Residential Zone Designations

Kingsway Mid-rise

Four-storey Low-rise

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Retain Existing Zoning

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COLLINGWOODLIBRARY

NORQUAYELEMENTARY

CUNNINGHAMELEMENTARY

GLADSTONESECONDARY

WINDERMERESECONDARY

RENFREW RAVINE PARK

EARLES PARK

SLOCANPARK

NORQUAY PARK

GENERAL BROCK PARK

3.3 New Residential Zones

The following sections contain the policies and development parameters for the new housing types proposed by this Plan. These zones will be allowed as illustrated in Figure 2: New Residential Zone Designations.

NOVEMBER 2010 NORQUAY VILLAGE NEIGHBOURHOOD CENTRE PLAN 29

3.0 RESIDENTIAL NEIGHBOURHOODS

Figure 2: New Residential Zone Designations

Kingsway Mid-rise

Four-storey Low-rise

Stacked Townhouse

Traditional Rowhouse

Duplex and Infill

Retain Existing Zoning

LILL

OO

ET S

T

WELLINGTON AVE

QUEENS AVEKINGS AVE

VANNESS AVE

FAIR

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COLLINGWOODLIBRARY

NORQUAYELEMENTARY

CUNNINGHAMELEMENTARY

GLADSTONESECONDARY

WINDERMERESECONDARY

RENFREW RAVINE PARK

EARLES PARK

SLOCANPARK

NORQUAY PARK

GENERAL BROCK PARK

3.3 New Residential Zones

The following sections contain the policies and development parameters for the new housing types proposed by this Plan. These zones will be allowed as illustrated in Figure 2: New Residential Zone Designations. Norquay New

Residential Zones

Page 4: Dundee Street Earles Street Kingsway For Sale > Development … · 2017. 2. 7. · >19,353 SF site, currently zoned C-2 and RS-1 > Rezoning potential under Norquay Plan for 8-10 storeys,

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Douglas Cr

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53rd Ave

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Grade Cr

200t

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208t

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216t

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32nd Ave

240t

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24th Ave 24th Ave

224t

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232n

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16th Ave

176t

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0 Ave Boundary Rd

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172n

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168t

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8th Ave

Buena Vista Ave

152n

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20th Ave

28th Ave

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80th Ave

88th Ave

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92nd Ave

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104th Ave

156t

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Hyannis Dr

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Blundell Rd

Harbourside DrHarbourside Pl

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Mathers Ave

64th Ave

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Lougheed Highway

Simon FraserUniversity

Dollarton HwyOld

Dollarton Rd

Vulcan Wy

Port Mann Bridge

Patullo Bridge

Alex Fraser Bridge

Oak St Bridge

Lion

s Gat

e Br

idge

Queensborough Bridge

Cliveden

Ave

Industrial Wy

W Yale Rd

Lick

man

Rd

Sum

as P

rairi

e Rd

Boun

dary

Rd

Inte

rpro

vinc

ial H

wy

Cole

Rd

McD

erm

ott R

d

Mar

ion

Rd

Dixo

n Rd

Pow

erho

use

Rd

Chad

sey

Rd

Sinclair Rd

Hop

edal

e Rd

S Sumas Rd

Luckakuck Wy

Keith Wilson Rd

Peters Rd

W Yale Rd

Vedder Rd

Prairie Central Rd

Bailey Rd

Watson Rd Promontory Rd

Chilliwack Central Rd

1st Ave

Castleman Rd

Anni

s Rd

Chap

man

Rd

McG

rath

Rd

Ford

Rd

Gibs

on R

d

Pres

t Rd

Youn

g Rd

Banf

ord

Rd

Campbell R

iver Rd

Chi l l iw ackRiver Rd

Gilla

nder

s Rd

Vedder Mountain Rd

Yarrow Central Rd

No. 3 Rd

No. 4 RdFireclay Rd

No. 5 RdAtkinson Rd

Campbell Rd

Wells Line Rd

Dewdney Trunk Rd

Stav

e La

ke R

d

Sylve

ster

Rd

Hawkins Pickle Rd

New

ton

Rd

Eagl

e Rd

R iver Rd South

Nicomen Island Trunk Rd

Nicomen Island Trunk Rd

John

son

Rd

Athe

y RdNo 1 Rd

Chilliwack Mtn Rd

Wellington Ave

Wolfe Rd

Hope River Rd

Chilliwack Lake Rd

Lower S

umas

Mtn

Rd

Sumas Mtn Rd

Upper Sumas Mountai n Rd

Limbert Rd

McCallum Rd

Cam

eron

Rd

Brid

ge R

d

Arthur L

aing

Brid

ge

RdStraiton

Iron Workers M

emo rial Bridge

Stewardson Wy

Colu

mbi

a St

Brunette Ave

Newton Rd

192n

d St

Dawson Rd

Ave

Shau

ghne

ssy S

t

St

Fraser

Wy

North

Com

mer

cial

Dr

Earle

s St

110th Ave

112th Ave

Kingsway

E Hastings Street

E Broadway

Kingsway

Gran

ville

Str

eet

W Broadway

King

Geo

rge

Hig

hway

Fraser Highway

United Blvd

Barnet Highway

Upper

Highway

Levels

Tayl

or W

y

Haney Bypass

Fraser Highway

Trans Canada Highway

56th Ave

176t

h St

Paci

�c H

ighw

ay

Lougheed Highway

South Fraser Way

Mission-abbotsford H

ighway

264t

h St

Alde

rgro

ve -

Bel

lingh

am H

ighw

ay

Trans C

anada Hwy

North P

arallel

South

Parallel

Sumas Way

Trans Canada Hwy

Har

rison

Hot

Spr

ings

Rd

Lougheed Hwy

E Yale Rd

Lougheed Highway

St. Johns St

Westminster Hwy

Fras

er -

Del

ta T

hruw

ay

Richmond Annacis Highway

Cambie Rd

Alderbridge Wy

Will

ingd

on A

ve

King Edward Ave

W 41st Ave

W 12th Ave

SW Marine Dr

W 16th Ave

No. 5

Rd

Steveston Hwy

No. 3

Rd

Canada Wy

Gilm

ore

Ave

WESTHAM ISLAND

TILBURY ISLAND

ANNACISISLAND

MITCHELLISLAND

DOUGLASISLAND

BARNSTON ISLAND

MCMILLAN ISLAND

CRESCENT ISLAND

MATSQUI ISLAND

HOGISLAND

FAIRFIELDISLAND

WINDERMERE ISLAND

SEAISLAND

DEMOGRAPHICS*

23,816 residents

$81,147Ave. household income

29th Avenue StationNanaimo Station

Norquay ParkEarles Park

*Estimated 2016 demographics, population and income within 1 km of the suject property

Downtown Vancouver (20-min)Metropolis at Metrotown (10-min)

Lord Selkirk ElementaryJohn Norquay ElementaryGladstone Secondary

Contact Us

COLLIERS INTERNATIONAL200 Granville Street, 19th FloorVancouver, BC V6C 2R6604 681 4111www.collierscanada.com

DAVID TAYLOR*Vice President604 692 [email protected]

This document/email has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2017. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Brokerage Inc. (Vancouver). *Personal Real Estate Corporation. JS 02/2017