Rezoning Application: 4992-5183 Ash Street, Vancouver

rezoning application
Vancouver

February 1, 2021

4992-5010-5030-5050-5070-5090-5120-5138 Ash Street

Sold Price: $33,360,000 (2016-2019) *price does not include 5138 Ash Street

Alabaster Homes has submitted a rezoning application for 8 continuous lots located on Ash Street near Queens Elizabeth Park to redevelop the prized site into two four-storey and one six-storey building. Claridge Real Estate Advisors facilitated the transactions for the developer and owners of the detached lots 4991-5120 ash street. We assembled 5010-5120 in 2017 and added 4991 Ash in 2019. Four years have passed, and we are more than happy to hear the news of a redevelopment in progress.

The site is located within the proximity of Queen Elizabeth Park. To the west is the Heather Lands that will be comprised of high rise and retail units like a neighbourhood town center offer many kinds of amenity. Across Cambie Street is Queen Elizabeth Park. Oakridge 41st Skytrain Station is three blocks away. Not only this site is in a superb location, Children’s Hospital is distanced enough to not be disturb, but accessible. The location has a diverse selling potential in the West Vancouver area.

Site Statistics:

2-four storey and 1-six storey building
Site dimension: 480’x120’
Site Area: 57,570 sf.
133 strata-titled residential units (45% two bedroom and 21% three bedrooms with private outdoor space and secured bulk storage)
A floor space ratio (FSR) of 2.0
A gross floor area of 11,569.5 sq. m (124,533 sq. ft.)
A partial 5th storey common amenity space on the two flour storey buildings
A building height of 20.5 m (67 ft.)
185 vehicle parking spaces and 242 bicycle parking spaces
Dedication of a portion of the site for the 35th Avenue road extension

Project Statistics:

Building A: Total unit 38