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Investment Highlights

  • 18-storey tower designation in place — no rezoning, no public hearing required
  • 18,861 sq ft assembled site — three R5-1 lots, 154.6 ft frontage, consolidation requirement satisfied
  • Steps from Oakridge Park, BC's largest development project (~4.4 million sq ft)
  • 530 ft (160 m) to Oakridge–41st Avenue Station on the Canada Line
  • Six tower projects approved or advancing within 150 m at 4.71–6.73 FSR
  • Positioned for affordable workforce and seniors housing — potential DCL waivers for qualifying projects

Property Facts

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Apartment Units
  • Apartment Units - Senior
  • Apartment Units - Subsidized
Total Lot Size 0.43 AC
Zoning R5-1 - Residential

1 Lot Available

Lot

Lot Size 0.43 AC

Description

Most projects don't pencil right now — density is cheap, certainty is expensive, and a rezoning queue runs straight through the next election. 357–393 West 42nd Avenue removes those variables: three assembled R5-1 lots totalling 18,861 sq ft with 154.6 ft of frontage, designated under Cambie Corridor Phase 3 for a tower of up to 18 storeys, with the consolidation requirement satisfied — no rezoning, no public hearing, direct to development permit. The site sits 530 ft from Oakridge–41st Avenue Station on the Canada Line and steps from Oakridge Park, British Columbia's largest development project, with six tower projects approved or advancing within 150 m at densities of 4.71 to 6.73 FSR. The assembly is positioned for affordable workforce and seniors housing — the one product the 2,000+ units in the surrounding pipeline are not building — and qualifying projects may be eligible for development cost levy waivers that materially change the arithmetic. Offered without a published price. Contact the listing team for pricing guidance and DCL scenario analysis.

Very walkable
80/100
Fairly drivable
40/100
Exceptional public transit
90/100
Moderately bikeable
70/100
  • Listing ID: 41736865

  • Date on Market: 2026-08-13

  • Last Updated:

  • Address: 357 42nd Av W, Vancouver, BC V5Y 2T3

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