17,709 ft²Office / Retail / MedicalContactSale
This exceptional investment opportunity encompasses 301, 307, and 309 West Broadway, along with 2439 Alberta Street in Vancouver, BC. Strategically located on the corner of West Broadway and Alberta Street in the vibrant Mount Pleasant neighborhood, the property boasts direct access to the Canada Line Skytrain, ensuring unmatched convenience and connectivity. Zoned C-3A, the site spans 11,368 square feet of prime land and features a fully leased, income-generating building constructed in 1948. With 17,709 square feet of combined office, retail, and basement space, the property offers robust holding income while presenting significant future development potential through the Broadway Plan’s density entitlement opportunities.
The Subject Properties’ zoning of C-3A is one of the most flexible allocations in the City of Vancouver, and has benefited greatly from the Broadway Plan According to the MBSA policy summary table for consolidated C-3A/I-a zone sites, consolidations are encouraged for sites across the lane. The Broadway Plan can allow up to 30-storeys for secured rental housing with industrial uses while office/hotel with industrial uses would be up 24-storeys. Achievable density will depend on view cone height restrictions and urban design performance as this subarea of the Broadway Plan is still under one of the few protected view cones (the Queen Elizabeth Park View sections 3.2.3-3.2.4) within the Plan. A minimum of 45.7 m (150 ft) frontage is also required as well.