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1648-1654 Venables St 0.18 Acres of Residential Land Offered at $4,950,000 CAD in Vancouver, BC V5L 2H2
Investment Highlights
- Assemblage opportunity totaling 8,052 SF in Vancouver’s Eastside.
- Two freestanding multi-family houses offering 6 two-bedroom units with income in place.
- Near Britannia Renewal Master Plan, enhancing future neighborhood value and livability.
- Zoned I-2 with potential development capacity of up to 3.0 FSR (approx. 24,156 SF).
- One block from Commercial Drive with access to transit, retail, and dining amenities.
- Convenient access to Downtown Vancouver, arterial routes, and Vancouver International Airport.
Executive Summary
1648 and 1654 Venables Street present a rare opportunity to acquire two adjacent properties in one of Vancouver’s most dynamic neighborhoods, just steps from the heart of Commercial Drive. Together, these lots encompass 8,052 square feet with I-2 Light Industrial zoning, providing significant redevelopment potential of up to 3.0 FSR or a maximum buildable area of 24,156 square feet under the Grandview-Woodland Community Plan.
The site includes two well-maintained structures offering a total of six two-bedroom units, generating holding income while planning for future redevelopment. The properties are ideally positioned to benefit from proximity to the Britannia Renewal Master Plan zone, which is transforming the area into a vibrant mixed-use hub with enhanced community amenities, green spaces, and connectivity.
Located just one block west of Commercial Drive, this property enjoys unmatched accessibility to an eclectic mix of dining, retail, and cultural establishments. The area boasts excellent transit, a 94 Walk Score, and close proximity to major destinations such as Downtown Vancouver, UBC, the Port of Vancouver, and Vancouver International Airport. This acquisition represents a strategic investment in a rapidly evolving corridor with strong demand for modern mixed-use or light industrial projects.
The site includes two well-maintained structures offering a total of six two-bedroom units, generating holding income while planning for future redevelopment. The properties are ideally positioned to benefit from proximity to the Britannia Renewal Master Plan zone, which is transforming the area into a vibrant mixed-use hub with enhanced community amenities, green spaces, and connectivity.
Located just one block west of Commercial Drive, this property enjoys unmatched accessibility to an eclectic mix of dining, retail, and cultural establishments. The area boasts excellent transit, a 94 Walk Score, and close proximity to major destinations such as Downtown Vancouver, UBC, the Port of Vancouver, and Vancouver International Airport. This acquisition represents a strategic investment in a rapidly evolving corridor with strong demand for modern mixed-use or light industrial projects.
Property Facts
1 Lot Available
Lot
| Price | $4,950,000 CAD | Lot Size | 0.18 AC |
| Price Per AC | $26,778,758.76 CAD |
| Price | $4,950,000 CAD |
| Price Per AC | $26,778,758.76 CAD |
| Lot Size | 0.18 AC |
Description
The property consists of two side-by-side lots with a combined area of approximately 8,052 square feet. It is located on the south side of Venables Street, one block west of Commercial Drive in the Grandview-Woodland neighborhood of Vancouver. The sites are included in the Grandview-Woodland Community Plan under the Clark Industrial designation and currently contain two buildings totaling six residential units. Zoning is I-2 Industrial with a maximum density of 3.0 FSR.
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Exceptionally walkable
100/100
Fairly drivable
50/100
Strong public transit
80/100
Very bikeable
80/100
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1648-1654 Venables St
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