2600 49th Av E 60 Unit Apartment Building $55,000,000 CAD ($916,667 CAD/Unit) Vancouver, BC V5S 1J8

The property at 2600 East49th Avenue in Vancouver is zoned CD-1 (7B), a rare designation that falls outside existing plan areas and current rezoning policies, allowing for flexible rezoning to maximize density and use. The City of Vancouver supports rezoning inquiries for this site. For comparison, the property across the street at2611 East49th Avenue is zoned C-2, which permits up to3.5 FSR and a six-story mixed-use development. Notably, only two lots in Vancouver carry the CD-1 (7B) zoning, the other being at6620-6680 Elliott Street. This site is ideal for mixed-use residential or rental development, benefiting from strong transit access, street frontage, and laneway access. Additionally, four adjacent detached properties—2612,2638, and2662 East49th Avenue, along with6505 Wales Street—have expressed interest in joint acquisition, which could add approximately21,008 square feet to the overall development footprint.