New Listing! Fully Leased Freestanding Commercial Building with High Rise Development Opportunity | Broadway Plan | Vancouver

This exceptional investment opportunity encompasses 301, 307, and 309 West Broadway, along with 2439 Alberta Street in Vancouver, BC. Strategically located on the corner of West Broadway and Alberta Street in the vibrant Mount Pleasant neighborhood, the property boasts direct access to the Canada Line Skytrain, ensuring unmatched convenience and connectivity. Zoned C-3A, the site spans 11,368 square feet of prime land and features a fully leased, income-generating building constructed in 1948. With 17,709 square feet of combined office, retail, and basement space, the property offers robust holding income while presenting significant future development potential through the Broadway Plan’s density entitlement opportunities.

• Address: 301,307,309 West Broadway,2439 Alberta St, Vancouver

• Land Size: 11,368 SF

• Building Size: 17,709 sf

• Year Built: 1948

• Zoning: C-3A

• Broadway Plan: MBSA

• Parking: 12 Surface Stalls

  
  

  

  
  
  
  

According to the MBSA policy summary table for consolidated C-3A/I-a zone sites, consolidations are encouraged for sites across the lane.

You can achieve up to 30-storeys for secured rental housing with industrial uses while office/hotel with industrial uses would be up 24-storeys. Achievable density will depend on view cone height restrictions and urban design performance as this subarea of the Broadway Plan is still under one of the few protected view cones (the Queen Elizabeth Park View sections 3.2.3-3.2.4) within the Plan. A minimum of 45.7 m (150 ft) frontage is also required as well.

The Broadway Plan will unlock opportunities for much-needed housing and economic growth. Over the next 30 years, the Broadway Plan area could see:

• 41,500 net new homes, accommodating up to 64,000 additional residents

• 45,000 net new jobs

• 3,000 new hotel rooms

For More Information Contact Billy Yang and Kevin Chiang PREC, CCIM.

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