Gross Site Area: 5,841 SF
Frontage: 75 ft
Depth: avg. 93.7 ft
Current Zoning: C-2
Potential Density: 2.5 FSR (may achieve higher with Rental 100 Program)
Potential Buildable Area: 14,602.5 SF or more
Development Type: Mixed-Use Mid-Rise Apartment
Official Community Plan: N/A
It's located between Knight Street & Victoria Drive. This corner C-2 zoned property is close to 6,000 SF large. The current zoning offers excellent redevelopment potential in the form of mixed-use, retail & residential, redevelopment. Current FSR density of up to 2.5 with it's current zoning. Current plans of the new 5-level development will boast commercial units at grade with 11 market residential dwelling units on top & 1 level of underground parking.
Kingsway is the major corridor in Vancouver East and has seen massive expansion in residential and commercial developments in the past few years. It is lacking supply in the residential apartment units. Don't miss this great opportunity.