5666, 5676, & 5686 Alberta Street
Vancouver, British Columbia
Building
Stats
- Site size 18,900 sf
- Dimensions 156 ft x 122 ft
- Zoning R1-1
- Pricing Guidance $19,000,000
Overview
Avison Young is pleased to present an opportunity by court ordered sale to acquire 5666, 5676 & 5686 Alberta Street (the “Property”). The Property is a 18,900-sf land assembly situated in the Riley Park- Little Mountain neighbourhood with over 150 ft of frontage along Alberta Street. Located within the Oakridge Municipal Town Centre area within Phase 3 of the Cambie Corridor NCP, the Property promotes high-density residential development. This is a unique opportunity for developers to capitalize on one of the most desirable areas to develop with purpose built rental housing or market condominiums in Vancouver.
Highlights
High-density residential development site located in one of Vancouver’s most desirable neighbourhoods
18,900-sf site with over 150 ft of frontage on Alberta Street
Close proximity to the new Oakridge Centre redevelopment, comprising 1.2 million SF mall and commercial retail space, 430,000 SF office, and multiple residential towers
Condo pricing in the area has reached over $2,600 per sf
One of the strongest residential rental markets in Metro Vancouver with rents achieving over $5.89 per sf
