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Investment Highlights

  • Approved rezoning application for a six-storey multifamily rental development.
  • Assembled site consists of six parcels in the Marine Gateway neighbourhood.
  • Adjacent to Ash Park and nearby major retail and service amenities.
  • Located less than a one-minute walk from Marine Drive SkyTrain Station.
  • Existing plans contemplate a 146-unit rental residential community.
  • Located within a Tier 1 Transit-Oriented Area designation.

Executive Summary

540 West 65th Avenue and 8120-8168 Lord Street present an opportunity to acquire a transit-oriented multifamily redevelopment site in Vancouver’s Marine Gateway neighbourhood. The property consists of six assembled parcels totaling 33,153 square feet and benefits from an approved rezoning application that would permit development of a six-storey wood-frame rental project. Existing plans contemplate a 146-unit rental community featuring a predominately market-rental unit mix, shared resident amenities, landscaped outdoor areas, and underground parking.
The site is positioned adjacent to Ash Park and less than a one-minute walk from Marine Drive SkyTrain Station on the Canada Line, providing direct regional transit connectivity to Downtown Vancouver, Richmond, and Vancouver International Airport. The surrounding Marine Gateway district offers a concentration of retail, service, entertainment, and daily-needs amenities, including grocery, pharmacy, fitness, and dining options that support long-term residential demand.
In addition to the approved six-storey development concept, the property's location within a Tier 1 Transit-Oriented Area creates the potential for a future rezoning application that may support substantially greater density, subject to municipal approvals. This provides investors and developers with flexibility to pursue the existing approved rental project, evaluate higher-density redevelopment scenarios, or consider alternative development strategies consistent with applicable planning policies.
The combination of approved development entitlements, proximity to rapid transit, established neighbourhood amenities, and future density potential positions the property as a redevelopment opportunity within one of Vancouver's most active transit-oriented residential corridors.

Property Facts

Price $17,000,000 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Apartment Units
  • Apartment Units - Condo
Total Lot Size 0.76 AC
Zoning R1-1 - Residential Inclusive

1 Lot Available

Lot

Price $17,000,000 CAD
Price Per AC $22,336,444.67 CAD
Lot Size 0.76 AC

The property consists of six assembled parcels located at 540 West 65th Avenue and 8120-8168 Lord Street in Vancouver, British Columbia. The site contains approximately 33,153 square feet and is currently improved with six single-family homes.

Description

The property consists of six assembled parcels located at 540 West 65th Avenue and 8120-8168 Lord Street in Vancouver, British Columbia. The site contains approximately 33,153 square feet and is currently improved with six single-family homes. The property is zoned R1-1 (Residential Inclusive) and has received rezoning application approval for a six-storey residential rental development. Existing plans depict a 146-unit project with underground parking and resident amenity areas. The site is located adjacent to Ash Park and approximately 165 metres from Marine Drive SkyTrain Station on the Canada Line.

Moderately walkable
70/100
Moderately drivable
60/100
Exceptional public transit
90/100
Moderately bikeable
60/100
  • Listing ID: 41598622

  • Date on Market: 2026-08-07

  • Last Updated:

  • Address: 8120-8138 Lord St, Vancouver, BC V6P 3K2

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