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Investment Highlights

  • DP Approved | 6 Homes | Building Permit Ready
  • Covered Garages | Gated Access | Amenity Fee on Garage Only
  • Adjacent City Greenspace | Arbutus Greenway | Minutes to YVR
  • 15,135 SF Lot | 10,600 SF Buildable | 0.70 FSR
  • 3 Detached Homes + Duplex | All Ground-Oriented
  • All 8 Reports Complete | Wood-Frame | No Underground

Executive Summary

Shovel-ready six-home multiplex development on a 15,135 sq ft Westside lot in Vancouver. Development permit approved with all prior-to conditions satisfied. A buyer advances directly to building permit — no rezoning, no public hearing, no entitlement risk remaining.

Property Facts

Price $6,388,000 CAD
Sale Type Investment
Sale Condition Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use Multifamily
Total Lot Size 0.35 AC
Zoning R1-1 - Zoned R1-1, designated SSMUH. The approved program achieves 0.70 FSR across 10,600 sq ft buildable. Intentionally not a max-density box product.

1 Lot Available

Lot

Price $6,388,000 CAD
Price Per AC $18,385,273.36 CAD
Lot Size 0.35 AC

15,135 SF R1-1 lot, SSMUH designated. DP approved for 6 dwelling units across 4 buildings — 3 detached homes + duplex. 10,600 SF buildable. All prior-to conditions met. Proceed directly to building permit. SW Marine Dr, Vancouver.

Description

Shovel-ready six-home multiplex development on a 15,135 sq ft Westside lot. Development permit approved with all prior-to conditions satisfied. A buyer advances directly to building permit. Build six strata-titled dwelling units across four buildings — three large detached family homes and a ground-oriented side-by-side duplex. Every home has a covered garage. Strata amenity fees apply to the garage only. The lot sits adjacent to greenspace in a park-like setting on SW Marine Drive between the original Golden Mile and Marpole. Building A is a 2,666 sq ft five-bedroom detached home with a 900 sq ft ground-level suite. Building B pairs a 1,768 sq ft three-bedroom with roof deck above an 860 sq ft two-bedroom ground suite with private patio. Building C is a 1,768 sq ft detached two-storey rear residence. Building D is a side-by-side duplex — two 1,768 sq ft three-bedroom homes, both ground-oriented. The product mix is designed for the end-buyer already active in this corridor — affluent, family-oriented, and underserved. Average household income within one kilometre is $124,517. The $300K+ cohort has nearly tripled since 2020. Only 589 owned dwellings exist within 500 metres. Top demographic segments index at 16× the national average for high-income, homeownership-driven families. Demand is not a question here. Inventory is. All eight major consultant reports are complete and on file — architectural, civil, electrical, geotechnical, environmental, arborist, archaeological, and survey. Wood-frame construction throughout. Rare covered parking garages. Rear lane access. No underground. No amenity fee on residential. R1-1 zoning, SSMUH designated. 10,600 sq ft buildable at 0.70 FSR. Cooperating fee offered for buyer's agents.

Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
  • Listing ID: 40231362

  • Date on Market: 2026-04-21

  • Last Updated:

  • Address: 1688 Marine Dr SW, Vancouver, BC V6P 6A9

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