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8398 Oak St
Vancouver, BC
Six Storey Multifamily Site in Marpole · Land For Sale
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0.43 AC
Investment Highlights
- Central location within Marpole neighborhood, with convenient shopping, parks, and transportation in close proximity and notable schools such as Churc
- Metro Vancouver’s population is projected to increase by about 1 million by the year 2050
- Development permit issued by the City of Vancouver and in stage one of its building permit applications
- Vendor has paid a significant portion of CAC's already and most of the City of Vancouver application fees
- Development has been designed to create higher efficiency in unit design to decrease square footage and increase affordability
- 65 residential units approved: 38 one-bedrooms, 20 two-bedrooms, and 7 three-bedrooms
Property Facts
| Property Type | Land | Total Lot Size | 0.43 AC |
| Property Subtype | Residential | ||
| Zoning | CD-1 - Comprehensive Development | ||
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.43 AC |
| Zoning | CD-1 - Comprehensive Development |
Description
The vendor has exclusively retained Marcus & Millichap REIS Canada Inc. to facilitate the sale of 8378-8432 Oak Street (the "Subject Site"), a near shovel-ready development site in the heart of Marpole, a distinguished community with a variety of shops, services, restaurants, and transportation options. The Subject Site is located mid-block along Oak Street, close to 67th Avenue. The area, which forms part of Vancouver's Marpole Community Plan, is slated for continued high-density residential growth for years to come.
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