• Sold
SOLD: HIGH EXPOSURE MIXED-USE DEVELOPMENT OPPORTUNITY
SOLD: HIGH EXPOSURE MIXED-USE DEVELOPMENT OPPORTUNITY
SOLD: HIGH EXPOSURE MIXED-USE DEVELOPMENT OPPORTUNITY

For Sale

66,318 SF property that occupies the northeast corner of Kingsway and Dumfries Street - located along one of the busiest arterials in Metro Vancouver. The site has strong potential for mixed-use development with C-2 zoning in place. There is substantial frontage along Kingsway (223 ft) and Dumfries Street (352 ft), providing outstanding exposure and accessibility. Currently tenanted by RONA, providing secure cash flow and holding income to alleviate time pressure.

Situated in the diverse Cedar Cottage area, one of Vancouver’s newest up-and-coming neighbourhoods, which includes a strong local business community and one of the fastest growing residential sectors of Vancouver. There is a growing population of 405,439 people within a 5 km radius with an average household income of $73,059 in 2011. It is centrally located with easy access to Downtown Vancouver, Burnaby and Richmond.

Kingsway’s skyline and streetscape is currently transforming with the emergence of several new mixed-use residential and retail projects and it remains the focus of various initiatives by the city planning staff. The City of Vancouver has plans for creating four distinct neighbourhood centres within the area - the Mt. Pleasant “Uptown” Precinct, Knight & Kingsway Neighbourhood Centre, Norquay Village Neighbourhood Centre and Kingsway/Joyce Neighbourhood Centre. The City’s desire is to create a more livable and walkable community along the thoroughfare.

Property Details

  • 02/01/2013
  • SOLD