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1648 Nanaimo St - Prime Land Development Opportunity 0.62 Acres of Commercial Land Offered at $6,500,000 CAD in Vancouver, BC V5L 4V1
Investment Highlights
- Prime development site in a high-growth Vancouver corridor with strong visibility
- Located within an enhanced shopping node with planned public realm improvements
- Generous density allowance of up to 3.2 FSR for maximum design flexibility
- Excellent access to major streets, transit, and surrounding residential neighborhoods
Executive Summary
Property Facts
| Price | $6,500,000 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 0.62 AC |
| Property Type | Land | Year Built | 1982 |
| Zoning | C-1 - Commercial | ||
| Price | $6,500,000 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.62 AC |
| Year Built | 1982 |
| Zoning | C-1 - Commercial |
1 Lot Available
Lot
| Price | $6,500,000 CAD | Lot Size | 0.62 AC |
| Price Per AC | $10,483,870.97 CAD |
| Price | $6,500,000 CAD |
| Price Per AC | $10,483,870.97 CAD |
| Lot Size | 0.62 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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