Offers three distinct investment strategies: Rent, Sell, or Develop
1. Renovate & Rent - Capitalize on short-term commercial
tenancies and record-high residential rents by renovating
the existing structure to increase annual income.
2. Reposition & Sell- The strata-titled commercial and
residential units present an opportunity to reposition each
strata lot and sell them individually.
3. Redevelop - Take advantage of changes to the C-2
zoning bylaw which permits a 3.50 FSR for purpose-built
The Property offers a prime location in the prestigious Point Grey Village, providing convenient access to a plethora of high-end amenities including upscale boutiques, restaurants, and cafes. In addition to its convenient location, the area is renowned for its natural beauty with stunning attractions such as the University Endowment Lands, Spanish Banks Beach, and Jericho Beach just a stone’s throw away.
Nestled on the southeast corner of Trimble Street and West 10th Avenue, the subject property is improved with a three-storey strata-titled mixed-use building. Constructed in 1978, the property features one commercial strata lot on the ground floor and six, two-level, two bedroom townhomes on the second and third floors. The building is a mix of concrete block and wood frame construction with a wood panel façade, which complements the numerous doubleglazed windows.
Located within the C-2 zoning district, which provides flexibility and development potential. Under the existing C-2 zoning, the Property is eligible for a mixed-use development consisting of up to a 2.50 Floor Space Ratio (FSR). However, Vancouver City Council approved amendments to the Secured Rental Policy on March 29, 2022 that promotes the development of purpose-built rental housing. The C-2 zoning now allows new developments with a residential component consisting of 100% secured rental to be eligible for up to a 3.50 FSR for mid-block sites and up to a 3.70 FSR for corner sites with a minimum frontage of 150
feet and a minimum lot size of 18,000 SF.
|3,856 SF (Strata Plan)
|4,946 SF (Strata Plan)
|8,802 SF (Net Sellable Area)
|1,320 SF (15% estimate)
|10,122 SF (Approximate Gross Area)