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1648 Nanaimo St - Prime Land Development Opportunity 0.11 Acre of Commercial Land Offered at $2,633,333 - $2,633,334 CAD Per Lot in Vancouver, BC V5L 4V1



Investment Highlights
- Located at the intersections of Charles Street, East 1st Avenue, and Broadway
- Excellent unobstructed view corridor
Executive Summary
For all the shopping nodes along Nanaimo Street:
- Consider applications for mixed-use development. A mix of commercial uses, which may include retail, service and community serving uses, is required on the first floor. Residential uses permitted on upper floors
- Provide public realm improvements that could include increased sidewalk width, street trees and amenities such as seating, patios, bike racks, public art
- Additional specific policies apply to the following areas: Nanaimo St. and Broadway, East 1st Ave1, Charles St.
- Height: up to 6 storeys
- Density: up to 3.2 FSR
- Fifth- and sixth-storey floor plates should not exceed 594.6 m2 (6,400 ft.2)
- Site frontage: 36.6m (120 ft.) minimum
- Setbacks: FRONT: sufficient to achieve a minimum 5.5 m (18 ft.) sidewalk. REAR: 9.1 m (30 ft.) (for residential uses). SIDE: requirements may vary
- A small public plaza should be created at the southeast corner of Nanaimo and Charles Street. Design development should seek to minimize shadowing on the plaza space during afternoon periods
For Nanaimo Street EAST side (William Street to Charles Street and Kitchener Street to Graveley Street), Nanaimo Street WEST side (East 10th Avenue to East 11th Avenue), and Nanaimo Street EAST and WEST sides (East 6th Avenue to East 8th Avenue):
- Consider applications for mixed-use buildings in specified locations (see Figure Page 2), as set out in the C-2 District Schedule, unless noted otherwise. As part of this: Ensure applications account for C-2 Guidelines
Property Facts
| Price | $2,633,333 - $7,900,000 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| Sale Condition | Redevelopment Project | Total Lot Size | 0.62 AC |
| No. Lots | 3 | Year Built | 1982 |
| Property Type | Land | ||
| Zoning | C-1 - Commercial | ||
| Price | $2,633,333 - $7,900,000 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 3 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.62 AC |
| Year Built | 1982 |
| Zoning | C-1 - Commercial |
3 Lots Available
Lot
| Price | $2,633,334 CAD | Lot Size | 0.11 AC |
| Price Per AC | $24,604,849.33 CAD |
| Price | $2,633,334 CAD |
| Price Per AC | $24,604,849.33 CAD |
| Lot Size | 0.11 AC |
Prime Grandview Development site. Corner site, 711 is anchor tenant. Excellent unobstructed view corridor. Potential to assemble and develop the entire block but not necessary. Deemed Commercial node under the Grandview Plan. Allows up to 3.2 FSR.
Lot
| Price | $2,633,333 CAD | Lot Size | 0.11 AC |
| Price Per AC | $24,604,839.99 CAD |
| Price | $2,633,333 CAD |
| Price Per AC | $24,604,839.99 CAD |
| Lot Size | 0.11 AC |
Prime Grandview Development site. Corner site, 711 is anchor tenant. Excellent unobstructed view corridor. Potential to assemble and develop the entire block but not necessary. Deemed Commercial node under the Grandview Plan. Allows up to 3.2 FSR.
Lot
| Price | $2,633,333 CAD | Lot Size | 0.11 AC |
| Price Per AC | $24,604,839.99 CAD |
| Price | $2,633,333 CAD |
| Price Per AC | $24,604,839.99 CAD |
| Lot Size | 0.11 AC |
Prime Grandview Development site. Corner site, 711 is anchor tenant. Excellent unobstructed view corridor. Potential to assemble and develop the entire block but not necessary. Deemed Commercial node under the Grandview Plan. Allows up to 3.2 FSR.
Description
Prime development opportunity in the heart of Vancouver’s sought-after Grandview–Woodland neighborhood. This 13,986 sq. ft. corner lot is strategically positioned within a designated Commercial Node under the Grandview Plan, offering exceptional potential for a landmark mixed-use project. Currently fully leased and revenue-generating, the site features a strong anchor tenant (7-11) and benefits from an unobstructed view corridor, enhancing long-term project value. With C1 zoning, the property supports up to 3.2 FSR and a proposed 6-storey mixed-use development, combining vibrant commercial frontage with residential density above. Located steps from key transit routes and established community amenities, this property is ideally placed within an area slated for public-realm enhancements including widened sidewalks, street trees, plazas, and improved pedestrian experiences. The generous 36.6m (120 ft.) frontage, flexible setback allowances, and planning policies that encourage redevelopment make this an outstanding candidate for builders, developers, and urban investors alike.
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1648 Nanaimo St - Prime Land Development Opportunity
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