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1508 Everall St 0.38 Acres of Commercial Land Offered at $4,800,000 CAD in White Rock, BC V4B 3S8
INVESTMENT HIGHLIGHTS
- 16,751 SF site (125 ft total frontage x 131 ft depth)
- Opportunity to build approx. 50 woodframe rental units
- OCP permits up to 6-storeys, 2.50 FAR for rental development (with 10% below market)
- Capitalize on strong rental fundamentals with newer rental units pushing $4.00 per SF
EXECUTIVE SUMMARY
Colliers is pleased to present the opportunity to acquire a lowrise residential development in the great White Rock neighbourhood, with the prospect to build approximately 50 woodframe rental units. The property is located with a 12 minute walking distance to the White Rock Pier, Johnston Street retail & restaurants, Semiahmoo Shopping Centre, and the White Rock Centre Rapid Bus Stop. Per the OCP, 1508 Everall Street has rezoning potential for a 6-storey market rental building, including an estimated unit count of 50 units (including 5 affordable units) and estimated parking of two underground levels (48 stalls).
PROPERTY FACTS
| Price | $4,800,000 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Redevelopment Project | Total Lot Size | 0.38 AC |
| No. Lots | 1 | ||
| Zoning | RS1 - Single Family Residential | ||
| Price | $4,800,000 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.38 AC |
| Zoning | RS1 - Single Family Residential |
1 LOT AVAILABLE
Lot
| Price | $4,800,000 CAD | Lot Size | 0.38 AC |
| Price Per AC | $12,482,121.96 CAD |
| Price | $4,800,000 CAD |
| Price Per AC | $12,482,121.96 CAD |
| Lot Size | 0.38 AC |
16,751 SF site (125 ft total frontage x 131 ft depth)
1 1
Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (71)
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1508 Everall St
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