696 West 27th Avenue
- Develop up to 1.20 FSR (approximately 8,519 SF buildable) under Cambie Corridor Phase 3
- Simplified RM-8A developer-initiated rezoning pathway
- No tenant in place, owner-occupied; purchaser may commence rezoning application immediately upon closing
- 8-minute walk to King Edward Canada Line Station
- Existing 2-bedroom, 2-bathroom home (2,489 SF, 2-storey with basement) is in great condition
- Adjacent to Braemar Park; Queen Elizabeth Park, Hillcrest Community Centre, and Cambie Village nearby
- King Edward Station Transit-Oriented Area (TOA): Tier 3 designation provides long-term density optionality (up to 3.0 FSR / 8 storeys with assembly)
Property Description
To acquire a clean, tenant-free corner townhouse development site in Vancouver’s Cambie Corridor — one of the city’s most sought-after neighbourhoods for ground-oriented residential development. At 7,099 SF, the Property meets all minimum thresholds for RM-8A rezoning under the City of Vancouver’s Cambie Corridor Phase 3 plan, allowing a developer to build up to 1.20 FSR of stacked townhouses (approximately 8,519 SF buildable) across up to 3 storeys. The site’s corner configuration at West 27th Avenue and Heather Street enables an L-shaped building layout with units facing both streets — maximizing end-unit exposure and street activation. With no tenant in place, a purchaser can commence the rezoning application process immediately upon closing, avoiding vacancy carry costs and accelerating the development timeline.
Broker Details
Macdonald Commercial Real Estate Services Ltd. 16047365611
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Land/Development |
| Price: | $3,000,000 |
| Year Built: | 1944 |
| Lot Size: | 0.16 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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