5589-5661 Baillie St 0.69 Acres of Residential Land Offered at $18,880,000 CAD in Vancouver, BC V5Z 3M7

Rare seniors care development opportunity in one of Vancouver's strongest growth corridors. This four-lot assembly of 29,894.7 sf sits half a block north of West 41st Avenue, directly across from the Oakridge Centre redevelopment and within walking distance of the Oakridge–41st Avenue Canada Line station.
The site is positioned for rezoning from R1-1 to CD-1 under the City of Vancouver's Seniors Housing Rezoning Policy. The RH Architects rezoning enquiry contemplates a 14-storey, 158-unit Class B assisted living facility totalling 153,300 sf at a 5.13 FSR, with two underground parking levels (103 stalls), a 16-child public daycare, and a publicly-accessible community access space — a program designed to align with the policy's public-benefit framework.
The investment case rests on a structural demand-supply gap. Vancouver's 75+ population is projected to grow by more than 9,400 between 2025 and 2030, with net new senior households living alone — the single best leading indicator of assisted living conversion — rising by nearly 5,800. Against modelled 2030 demand of 960–2,240 high-income AL units, the city today holds just 16 registered facilities and 820 units, with only one competing project in the pipeline. Local single-family equity of $2–6M+ provides the down-the-street buyer base to fund the move.
A complete due-diligence package — including the architectural rezoning enquiry, demand and supply analyses, site survey, hydrogeological and geotechnical reports, Phase I ESA, and current title — is available to qualified purchasers on request.