While currently configured as 150 potential income producing townhomes, the site is earmarked for new residential construction. Located within the Province of BC's TOA Tier 3 radius with minimum density of 3.0 FSR and minimum heights of 8 stories — the site is an attractive prospect for visionary investors and developers aiming to maximize value and density. With its scenic ocean and mountain views, the property’s immediate access to public transit, shops, recreational amenities, and parks further enhances its appeal. The convenient, walkable location provides residents and future buyers with proximity to a full range of urban services, supporting long-term value and demand. Importantly, the existing tenant base ensures stable holding income, offering cash flow stability for investors while redevelopment plans are put forward and approvals are pursued
Steve Da Cruz
Newmark
