Development Application: 441-475 W 42nd Avenue, Vancouver

Development Application: 441-475 W 42nd Avenue, Vancouver

  • Redevelopment Application
  • Vancouver
February 10, 2022

Land Price: $30,300,000

Site Area 18,791 Sqft

Land Price/Sqft: $1613/Sqft

FSR: 6.67

Potential Buildable: 125,336 Sqft

Price/Buildable: $242/Sqft

Existing Zoning: RS-1

Proposed Zoning: CD-1

The DP application intent is rezone existing Residential Single Family (RS-1) to Comprehensive Development (CD-1) on 441-475 W 42nd Avenue. The proposed rezoning would convert 3-existing single-family lots to be consolidated to accommodate a new 18 storey 100% Secured Market Rental Residential Tower with 4 storey Podium, and an L19 Amenity Level.

The intent with the Project is to provide a total GFA of 134,128 SF (12,461 m2) with a total FSR of 6.67 and 124 total Units, consisting of 95 Units of market rental housing, with a mix of 1 to 4 bedrooms, and 20% below market rental consisting of 29 Units.

The site is located at the west-end of the block and has a frontage of 154.4ft along north side of W 42nd Ave and has lane frontage to the west and the north of the site. The podium is set back approximately 12ft from the west lane allowing an activated lane and the podium is “zero lot line”at the east. The Podium is a max 70ft deep. The Podium and Tower is setback approx. 14’-9” from W.42nd Ave (south) property line.

The character of the development expresses a contemporary style of contextual urbanism for a tower/podium form, integrating with the architecture along the Cambie Corridor, while respecting the context of the evolving neighbourhood along W 42nd Ave. Along this block of W 42nd Ave, the Cambie Corridor Phase 3 Plan envisions a diversity of housing forms ranging from 4 to 6 storeys, up to 18 storey Tower forms with podiums. The plan envisions a continuous 4 storey “street wall”to be property line to property line. To the west of the Subject Site, the development across the west lane is proposed to be a contemporary mixed-use development with Office contained within a 60ft high podium, Strata Condominium within a 330ft tall tower form, and Market rental of within a second 120ft tall tower form.

Site Information:

  • 124 residential secured market rental units (23% of rental units are secured as below market rental units)
  • A building height of 61.7m (202.5 ft.)
  • A floor area of 12,461 m² (134,123 sq.ft.)
  • A FSR of 6.67
  • One and a half levels of underground parking with 43 vehicle parking spaces
  • 291 Bicycle spaces

Yoyoe Lu

Founder and managing principal

Yoyoe is the founder and managing principal of Claridge. She was ranked one of Vancouver’s top real estate agents. Currently, Yoyoe is our strategic mind leading the team to success. Her affiliation with industry professionals put her ahead of our competitors. Yoyoe is also part of the Rotary Club of West Vancouver, Canadian Homebuilders Association, Urban Land Institute and Urban Development Institute.

Ashley Osborn

Development Site and Investment Specialist

Ashely is our lead land and investment advisor. He has been consistently featured in the annual top 100 real estate deals of British Columbia ranking. With over $15 billion worth of domestic and international real estate investments under his belt, Ashley is one of the top agents in the province. His 20 years of real estate and financial experience make him a master in negotiation and acquisition.

Patricia Wong Chong

Investment and Leasing Specialist

Patricia is our investment and retail leasing advisor. Her experience in brokerage and market research analysis has helped her comprise over $550 million in commercial real estate transactions. Patricia is responsible, detail-oriented, and professional. Her strong work ethic and positive attitude have led her to surpass all her competitors.

Schumann Li

Land Assembly & Residential Specialist

Schumann is a top-producing realtor in the Lower Mainland with more than 30 years’ experience. Over the years, Schumann hasn’t just garnered awards, but the trust of countless customers. Her clients continually refer to her outstanding professionalism, work ethic and poise.

Wendy Kaip

Sales Associate

Whether it’s decoding city policies, strategizing relocation plans, home sellers looking for a trustworthy advisor to unlock their property’s maximum potential- Wendy is here to help every step along the way.

Prior to real estate, Wendy spent over a decade in the mining industry with her attention to detail, keen negotiation skills, extensive network and strong reputation for getting the deal done, bringing endless value to her current real estate clients.

Whether you are thinking about selling to a developer, or have more questions about commercial real estate, Wendy invites you to connect, to see how she can utilize her expertise and team to help create value and maximize your real estate goals.

Simon Chan

Managing Broker

Simon is the managing broker of Claridge Real Estate Advisors Inc. His expertise has helped our agents resolve many difficulties. Not only is Simon knowledgeable with real estate legislation, but he is also very detail orientated. With Simon on our team, our agents are confident to conduct businesses and will always get the support they need to ensure they’re not walking on dirty water.

Frank Zhou


As the analyst of the company, my key job is to help brokers to find marketable clients and locate feasible development sites by collecting and analyzing up-to-date market transaction data and conducting target market and property-level research. Meanwhile, I am also in charge of maintaining the company’s property database to ensure accuracy and comprehensiveness and continuously upgrading the level of knowledge by staying up to date with hot topics, and market trends, and incorporating findings into everyday work. Before joining the company, I worked for CR Group as a real estate investment manager, focusing on capital raising, equity and debt financing, acquisition and renovation. I hold 2 master’s degrees, one in Housing Management and the other in Economics.