Rezoning Application: 5255 Balsam Street, Vancouver

Rezoning Application: 5255 Balsam Street, Vancouver

  • rezoning application
  • Vancouver
February 9, 2022

Proposed New Building (North of Existing Building)

Site Area: 25,281 sqft (Overall site is 57,599 sqft)

FSR: 3.63

Potential Buildable: 91,894 Sqft

The proposed rezoning is for a 15-storey building, under the Secured Market Rental Housing Policy, with 100% secured rental housing, 130 ft (39.6m) high, 3.63 FSR and 145 units. The site area of the new building is 25,281 sqft. the overall site is 57,599 sqft, with a length of 458.8’ and a depth of 125.66’. The current zoning is RM-3 to CD-1

The site is located at the NW corner of Balsam Street and West 39th Avenue, and it is bordered by lanes on the western and northern sides. The site slopes down towards the east and south, with a difference in level from the lowest (SW) and highest (NE) corners of 23.72’. The area is predominantly residential with townhouses and low-rise apartment in its surroundings.

The building typology is podium + tower. The building proposes 145 rental units; 35% are family size units, and the remainder are a variety of studio and one bedroom unit types. 10% of the units will be design as accessible as per current VBBL standard.

Proposed New Building Statistic:

  • 145 secured rental residential units
  • A floor space ratio (FSR) of 3.63
  • A gross floor area of 8,537.2 sq. m (91,894 sq. ft.)
  • A building height of 39.62 m (130 ft.)
  • A total of 142 underground vehicle parking spaces and 312 bicycle parking 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.