Rezoning Application: 5235 – 5275 Kersland Drive, Vancouver

Rezoning Application: 5235 – 5275 Kersland Drive, Vancouver

  • rezoning application
  • Vancouver
March 31, 2022

Transaction Price: $10,950,000

Current Zoning: RS-1

Proposed Zoning: CD1

Site Area 28,619 Sqft

Price/Sqft: $383

FSR: 2.0

Potential Buildable: 57,238 Sqft

Price/Buildable: $191

The proposal is to allow for the development of two four-storey residential buildings over two levels of underground parking on 5235 – 5275 Kersland Drive. The zoning would change from RS-1 (Residential) District to CD-1 (Comprehensive Development) District.

 

The site is assembled from four detached home on Kersland Drive. Site grades rise to the northeast.  The lane and south property line are relatively level.  The Kersland frontage slopes up 8½ feet towards Little Mountain.  The area is designated for six-storey apartment, with strata-apartment building on Kersland limited to four story.

 

The scheme houses 63 apartments in a pair of four-storey, wood-framed buildings.  A high percentage of family-friendly units is included at 73%.  All suites offer usable private outdoor space: second and third floor balconies vary from 67 to 84 square feet, ground floor suites have generous patios, and top floor suites have large roof decks.

Project Statistic:

  • 63 strata-titled residential units
  • A floor area of 5,317 sq. m (57,238 sq. ft.)
  • A floor space ratio (FSR) of 2.0
  • A building height of 15.5 m (50.7 ft.)
  • 91 underground parking spaces and 146 Class A bicycle parking spaces

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.

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.

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.

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.

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.

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.

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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