Colliers is pleased to present this rare opportunity to purchase a corner 13-storey mid-rise development site in Vancouver just steps from the Joyce-Collingwood SkyTrain Station. The property sits on 17,963 square feet of land and is currently improved with two, 2-storey mixed-use buildings which provide short-term holding income.
Distinctly positioned on the corner of Joyce Street and Wellington Avenue, the Property holds an unrivaled location in the Joyce-Collingwood neighbourhood. The vibrant Joyce-Collingwood neighbourhood boasts a highly accessible and central location for both transit and vehicle oriented residents alike. Bordered by Boundary Road to the East, Kingsway to the South, and steps from the fourth busiest SkyTrain station (outside of downtown), Joyce-Collingwood Station, residents can ride or drive to Metropolis at Metrotown, B.C.I.T., or Waterfront in under 15 minutes.
Since the adoption of a new Official Community Plan in June 2016, the neighbourhood has begun to see an influx of investment and development activity. Most notably, Westbank received approval for a 30-storey tower at 5050 Joyce Street in December 2016. With an abundance of public amenities such as parks, community centres and child care facilities, the neighbourhood is fast becoming one of the most desirable transit oriented communities in the City of Vancouver.