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Kensington-Cedar Cottage Development Site

1066 Kingsway, Vancouver, BC V5V 1N9, Canada

18,166 SF

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Description

Location Overview

Kensington-Cedar Cottage is known as one of Vancouver’s most ethnically diverse neighbourhoods, which has consistently enjoyed a residential vacancy rate near 0.7% and rapidly appreciating rental rates. Residents are drawn to Kensington-Cedar Cottage for its diverse community, with an abundance of character and authenticity. The Property is situated on the southwest corner of Kingsway and Glen Drive, the core of East Vancouver’s most vibrant neighbourhood, which is appropriately named “Little Saigon”. Over the course of the past few years, some of the City’s most notable developers have envisioned mixed-use development projects to further enrich and gentrify the emerging and diverse community of Kensington-Cedar Cottage. Notable amenities to the immediate area include, Sunnyside Park, Pallet Coffee Roasters, Save-On-Foods, Sal y Limon Mexican Restaurant, and many others.

Property Highlights

  • High exposure location on the corner of Kingsway, Glen Drive and East 20th Avenue
  • Further opportunity to rezone under the CoV’s rental incentive programs to achieve higher density
  • Favorable C-2 zoning allowing for a mixed-use development up to 2.5 FSR (base density)
  • 18,166 SF site with additional density potential
  • Site enjoys several street frontages maximizing development potential and site massing
  • Potential views of the North Shore mountains and the Downtown Core
  • Capitalize on unprecedented demand for housing in Vancouver’s gentrifying Kensington-Cedar Cottage Community
  • Holding income in place
  • Potential assembly of adjacent neighbouring Property

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Details

Updated on November 20, 2020

  • Property Size: 18,166 SF
  • Property Type: Retail, Development, Land
  • Property Status: For Sale

Additional Details

  • Zoning: C-2 Commercial (2.5 FSR)
  • Property Tax: $118,076.40
  • Address: 1066-1098 Kingsway Avenue
  • City: Vancouver
  • Province: British Columbia
  • Postal Code: V5V 1N9
  • Neighborhood: Cedar Cottage
  • Country: Canada