RECENTLY SOLD – 2525 Carolina St. – 574 E Broadway – 566 E Broadway – 572 E Broadway – Condo Development Site – Vancouver

RECENTLY SOLD – 2525 Carolina St. – 574 E Broadway – 566 E Broadway – 572 E Broadway – Condo Development Site – Vancouver

Address: 2525 Carolina St. VANCOUVER, BC 574 E Broadway Vancouver, BC 592 E Broadway Vancouver, BC   Total Lot Size: 16104 sqft Lot Size: 132 x 122 Zoning: C-2C Potential FSR: 3.0 + 0.3 Heritage Bonus         . Recently packaged and SOLD a 132′ x 122′ development site in the heart of Vancouver. This 4 lot development site was quite an interesting project to work on. The properties are located in a very central area in the City of Vancouver right into the Mount Pleasant neighbourhood. This is also part of the East Broadway Revitalization Plan as approved by the City of Vancouver. The project first started off as a 2 lot development site from the corner of 2525 Carolina St. This was a complex development site in particular because of the heritage component. A heritage revitalization agreement was required and a lot of work was done by the team of architects, developer and city to come to an agreement where all parties were satisfied with the conclusion.   The East Broadway Revitalization Plan put a limit on the height of the development to 4 storey which makes the project unsustainable at today’s land prices but through continuos revisions, meeting and negotiations the developer was able to propose a unique 6 storey development project by being able to salvage the heritage buildings on the site. The City of Vancouver has now currently undertaken a new Broadway Plan strategy for coming up with a revised and comprehensive development plan for the area on Broadway that starts from Clark Dr and all the way to Vine St following the pathway of the approved Broadway Train Line Currently most developments unless put into motion before the Interm Zoning Policy for Broadway was approved, will not be able to build any market units for sale unless there is a substantial component as rentals. Broadway Subway Project The interim zoning policy was enacted because the City of Vancouver does not want to see another land rush such as what happened in the Cambie Corridor after the announcement of the Cambie Plan.               If you require further information about the property feel free to call Eni at 778 371 1534 Contact Us! We would love to hear from you! Please fill out this form and we will get in touch with you shortly....

Read More

Recently SOLD – 13852 13868 101 Ave Surrey, BC – High Rise Development Site with permits

Recently SOLD – 13852 13868 101 Ave Surrey, BC – High Rise Development Site with permits

  Address: 13852 – 13868 101 Ave, Surrey BC – High Rise Development Site SOLD LOT: ~ 51,300 SF Buildable: ~150,000 Units: 167 Height: 24 Storeys PRICE: Confidential Call for more info. This 167 UNIT 24 Storey High Rise Developmet Site was an off-market deal that we were able to put together. At the time of sale the presale market in Surrey was was showing extreme demand for purchasers with similar projects selling out their finished product in less than 3 weeks. We sold this late stage development opportunity to one of our clients the Everest Group. We were pleased to put the deal together at a time in the marketplace where it was very difficult to source and find high rise development sites in Surrey City Center which is now the fastest growing area in Canada. This was a particularly challenging site to work on because of the technicalities involving a Phase II of a previous tower and also the irregular shape of the lot and parking structures involved in the future development. Our scope of work consisted on sourcing and finding the site, dealing with the owner of the property, analysing all the metrics and running development proforma scenarious based on different market prices, analyzing and compiling construction costs, soft costs, hard costs, financing costs and making sure all the numbers fit into a favorable development project. We had meetings with architects, general contractors and City of Surrey in order to complete a full due diligence on the feasibility of the project. Today the project is at the pre-sale stage and it is very rewarding going from plans and being able to see an actual physical pre-construction package avaialabe to future end users and investors. If you are interested in development activity and potential off-market development sites in the Greater Vancouver area or specifically the City Center in Surrey, call Eni at 778-371-1534        ...

Read More

JUST SOLD – Grandview Woodland Development Site – Vancouver, BC – 1616 Nanaimo St.

JUST SOLD – Grandview Woodland Development Site – Vancouver, BC – 1616 Nanaimo St.

Address: 1616 Nanaimo St. Vancouver, BC in the Grandview Woodland Development Plan SOLD Total Lot Size: 4,995 sqft Potential Buildable/Salable : 12,487 sqft Lot Size: 45′ x 111′ Proposed New Zoning Height : 6 Storey Grandview OCP Call for SOLD pricing and additional details. We were successful in helping our clients sell this site in a real estate market where development site sales have reached a new low. It took a lot of effort, knowledge, creativity, marketing and negotiations to finalize a sale in this particular section of the City. With the uncertainty in the real estate market in Vancouver, the City of Vancouver’s regulations and increase in fees our clients are happy to move and realize a successful sale of their property that has been in the family for over 30 years.   Opportunity: To acquire a multifamily apartment / commercial development site in the heart of Vancouver. City is currently in the process of potentially allowing rezoning from C1 to C2 12 Min Drive to Downtown Vancouver. Grandview Woodland Neighbourhood. Central neighbourhood with easy access to transit. Potential for assembly.           What Plan Says Proposed What Does the Plan Say? • Enhance the vitality of the small, locally-serving retail and service nodes along Nanaimo Street, to provide better services closer to home • Some blocks are oriented parallel to the street while others are perpendicular and face onto the flanking residential streets; only parcels that front onto Nanaimo Street will see future changes • For townhouse areas along Nanaimo Street, permit choice-of-use (between commercial uses or residential) for ground floor spaces facing Nanaimo Stree   Proposed: • Consider expanding the Nanaimo shopping nodes from a choice-of-use townhouse zone to the mixed-use C-2 zone, to require ground floor commercial in these areas • Expansion of Nanaimo shopping nodes would include 4.5 additional blocks: – 1.5 blocks at 7th Avenue, to strengthen the shopping node and avoid partial blocks of mixed-use buildings – 3 blocks at Grant Street/Charles Street, to connect and strengthen the 1st Avenue and Charles Street shopping nodes • Expansion of Nanaimo shopping nodes would ensure more shops and services are provided over the long-term, improving neighbourhood walkability     HIGHLIGHTS Potential 6 storey development C-2 Potential Rezone Assembly Potential Mixed Used Development Site Very active and central area If you require further information about the property feel free to call Eni at 778 371 1534 Contact Us! We would love to hear from you! Please fill out this form and we will get in touch with you shortly....

Read More

JUST SOLD – Fully renovated apartment complex in the city of New Westminster – 1210 Seventh ave

JUST SOLD – Fully renovated apartment complex in the city of New Westminster – 1210 Seventh ave

Total Lot Size: 8164 sqft Total Suites : 16 Units Lot Dimensions: 66 x 123.7 Property Taxes 2017: $11,961 Date Sold: June 2018 Date Published: October 15, 2018 Year  Built: 1960 Asking Price: $5,760,000 SOLD Price: $5,650,000 Renovated apartment building in New Westminster. The building was redone and fully tenanted. The property came with an over 4% CAP rate and some room for rents to increase. Turnkey investment income with very low 10-year assumable mortgage. The building has 11 one bedroom units and 5 two bedroom units and comes with views of the Fraser River and the Valley. Property is located in close proximity to transit and only 5 minutes from the park.       We are looking for further apartment buildings to sell to our clients. If you own an apartment building in the Lower Mainland get in touch with  Eni at 778 371 1534 Contact Us! We would love to hear from you! Please fill out this form and we will get in touch with you shortly....

Read More

JUST SOLD 4697 RANGER AVE NORTH VANCOUVER BC – Canyon Heights $3180000

JUST SOLD 4697 RANGER AVE NORTH VANCOUVER BC – Canyon Heights $3180000

Address: 4697 Ranger Ave North Vancouver, BC List Price: $3,180,000 List Date: September 5, 2017 SOLD Date: September 29, 2017 Bedroom: 4 Bathroom: 6 House Size: 4523 sqft Lot Size: 7520 sqft Built: 2014 Zoning: RSH Comments: One of my favorite deals to be involved in helping a long time client secure the home of his dreams. We went through different properties to finally find something as beautiful as this home. If you are thinking of moving give Eni a call @ 778 371 1534. Description: The attention to detail and craftsmanship in this fabulous Canyon Heights home is second to none. This bright, modern home is an entertainer’s dream! You & your guests can mingle in the large open kitchen/living area & spill out through the large french doors into your very private west facing backyard patio with it’s fantastic built-in outdoor kitchen. The list of highlights is extensive including a 300 bottle Wine Cellar & In-Home Theater, top of the line Jenn-Air appliances, Gas Stove/Oven, Steam Oven, Capp. Maker, Camera Alarm, Grohe Fixtures, Built In Vac, Air Con/ HRV Air Exchange & wide plank White Oak Hardwood floors. KODET EURO CONSULTING has added another impeccable build to their list of stellar homes with this one! What more could you ask for?      ...

Read More

JUST SOLD – Already rezoned highrise development site in Surrey City Center

JUST SOLD – Already rezoned highrise development site in Surrey City Center

PROPERTY DETAILS: ADDRESS: Private Real Estate Deal FAR: 5.5 from OCP   PRICE: Call for pricing               Comments: This particular high rise development site was sold directly to a qualified purchaser who will hold and develop the site that is already rezoned in the future. The property is located a stone throw away from a sky train station and it is perfect for anyone looking to get of the ground and save the time required for rezoning. Architectural plans and rezoning approvals were put together from one of the most reputable firms in the City. The sellers held the property for a while and decided to sell when the price and timing was right. Call Eni at (778)371-1534 for more info or to gain access to our exclusive inventory of development sites for sale in City of Surrey or Greater Vancouver. Call Eni at (778)371-1534 for more info or if you are looking to gain access to our exclusive inventory of development sites for sale. Surrey Development Site Contact Us Please fill out this form and we will get in touch with you shortly....

Read More