245-261 East 12th Avenue
Vancouver, BC
FOR SALE
Property Details
- Lot Size 30,195 sf
- Current Zoning RM-4N Multiple Dwelling
- Broadway Plan Land Use Designation Mount Pleasant South Apartment – Area A (MSAA)
- Maximum Potential Density 6.5 Floor Space Ratio (“FSR”)
- Maximum Height 20 storeys
- Max Buildable Area 196,268 sf gross buildable area
- Sale Structure Asset Sale
- Pricing Guidance Contact listing agents
Opportunity
Avison Young is pleased to present a prime residential development opportunity located at 245 & 261 East 12th Avenue, Vancouver (the “Property”). The Property is currently improved with a commercial building and surface parking lot situated on 30,195 square feet of land. With the recent adoption of the Broadway Plan, the Property offers significant redevelopment potential, with generous site dimensions and excellent street exposure along East 12th Avenue and Sophia Street in the heart of Vancouver. Its ideal location and designation within the Broadway Plan (Mount Pleasant South Apartment Areas - Area A – MSAA), coupled with its size, make it a perfect candidate for redevelopment. Specifically, the Property’s designation allows for development up to a 6.5 FSR and 20 storeys in height. A future tower(s) on the Property will enjoy stunning, unobstructed views, and a prime transit-oriented location, being just 240 metres from the upcoming Mt. Pleasant SkyTrain Station located at Broadway and Main Street.
