$3,999,000
5507 Columbia Street, Vancouver, V5Y 3H5
Listed by: Multiple Realty Ltd. · MLS®
4 Bedrooms 2 Bathrooms 2,331 sqft Built 1950 Residential
About This Property
DEVELOPERS & INVESTORS ALERT!To be sold together with 5521 Columbia Street, offering a combined frontage of 98 ft and depth of 115 ft (11,275 sqft) Northwest Corner lot with lane access - Columbia St. & W. 39th Ave. part of PHASE 3 CAMBIE CORRIDOR PLAN approved for development of 14 units townhouses 1.2 FSR. Excellent investment and land assembly. House needs TLC but is livable and has 4 bdrms, den, 2 baths and spacious living room and recreation room. Property is walking distance to the Canada Line & Oakridge Mall. One block from Queen Elizabeth Park, Nat Bailey Stadium, Pitch and Putt Golf, Curling, Tennis & numerous walking & bike trails.
Draft CPS Offer
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Redevelopment Potential
Transit-Oriented Area — Tier 3
~430 m from Oakridge — 41st Avenue SkyTrain station
Provincial law requires the city to allow at least 3.0 FAR and 8 storeys for residential here — well above typical single-family zoning. Potential land-assembly interest from developers.
Multiplex potential: on a ~524 m² lot, BC’s small-scale housing law requires the municipality to allow at least 4 units (up to 6 near frequent transit), where it applies.
~430 m straight-line to Oakridge — 41st Avenue SkyTrain
