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Rezoning Application: 4992-5183 Ash Street, Vancouver

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

  • Studio: 7
  • One-bedroom: 9
  • Junior two-bedroom: 4
  • Two-bedroom: 14
  • Three-bedroom: 4

Building B: Total unit 39

  • One-bedroom: 12
  • Junior two-bedroom: 4
  • Two-bedroom: 11
  • Three-bedroom: 12

Building C: Total unit 56

  • One-bedroom: 18
  • Junior two-bedroom: 9
  • Two-bedroom: 17
  • Three-bedroom: 12

Information Acquired From: City of Vancouver

Developer: Alabaster Homes

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Yoyoe Lu

Founder and managing principal
yoyoe@claridgeadvisors.com

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.

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Ashley Osborn

Development Site and Investment Specialist
ashley@claridgeadvisors.com

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.

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Patricia Wong Chong

Investment and Leasing Specialist
patricia@claridgeadvisors.com

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.

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Schumann Li

Land Assembly & Residential Specialist
schumann@claridgeadvisors.com

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.

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Wendy Kaip

Sales Associate
wendy@claridgeadvisors.com

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.

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Simon Chan

Managing Broker
simon@claridgeadvisors.com

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.

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Frank Zhou

Analyst
frank@claridgeadvisors.com

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.

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