1485 Davie Street
Vancouver, British Columbia
FOR SALE
Stats
- Property Type Land - Multifamily
- Size (Ac) 0.6
- Price $42,000,000 CAD
Overview
Avison Young is pleased to present an opportunity by court ordered sale to acquire 1485 Davie Street, Vancouver, BC (the “Property”). The Property is a 25,941-sf future residential development site with significant exposure on Davie Street and encompassing almost an entire city block. Situated in the West End neighbourhood of downtown Vancouver, the Property is designated as Area B within the Lower Davie sub-area of the West End Plan which promotes high-rise residential development. The acquisition opportunity is well positioned for developers looking for prime development land in one of the most sought after locations in Vancouver, just steps from English Bay.
Highlights
Once-in-a-lifetime opportunity to acquire a residential development site located in the heart of downtown Vancouver’s high affluent West End neighbourhood
25,941-sf site with over 190 ft of frontage on Davie Street
Located within the Lower Davie area of the West End OCP
Unmatched location just steps from English Bay and Vancouver’s World renowned Seawall
Currently improved with a 51-unit apartment building, providing holding income
Condo pricing in the area has reached over $1,900 per sf
One of the strongest residential rental markets in Metro Vancouver with rents achieving over $6.00 per sf
