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Partnership. Performance.
Kevin Kassautzki, Principal 604.646.8393 [email protected]
Dan Smith, Associate 604.646.8397 [email protected]
Russ Bougie*, Principal 604.757.5115 [email protected] * Russell Bougie Personal Real Estate Corporation
1032 & 1026 CLARK DRIVEVANCOUVER, BC
FOR SALEHigh exposure, I-2 zoned development site located in the Grandview-Woodland
area of East Vancouver.
Great N
orthern Way
Terminal Avenue
East 1 st Avenue
Clark Drive
Venables Street
Prior Street
Commercial Driv
e
East Hastings Street
Subject Properties
Main Street
VCC Clark Station
Main Street Station
PRICE REDUCED!
Executive SummaryMunicipal Address1032 Clark Drive, Vancouver, B.C. 1026 Clark Drive, Vancouver, B.C
PID(s)007-678-584 007-678-550
Legal Description(s)PL VAP15201 LT 2 BLK 30 DL 182 LD 36 PL VAP15201 LT 1 BLK 30 DL 182 LD 36
Site Size
1032: 3,625 sf (33’ W x 109.83’ D)
1026: 3,625 sf (33’ W x 109.86’ D)
Total: 7,250 sf (66’ W x ~110’ D)
ZoningI-2 (Light Industrial) permitting most light industrial and office related uses including: manufacturing, service, transportation and storage, utility and communication and wholesale. Redevelopment allows for a 3.00 FSR (21,750 sf buildable) and potentially up to 100’ in height.
Buildable (3.00 FSR)
1032: 10,875 sf
1026: 10,875 sf
Total: 21,750 sf
Property Taxes (2018)
1032: $4,598.48
1026: $4,582.58
Total: $9,181.06
Environmental StatusPhase I ESA available
FinancingClear Title
Asking Sale Price$2,950,000
OpportunityAvison Young is pleased to present the opportunity to acquire 1032 & 1026 Clark Drive in Vancouver (the “Subject Properties”), comprising two (2) legal industrial zoned lots located in the Grandview-Woodland area. The Subject Properties are both improved with single family residential dwellings. Under the I-2 (Light Industrial) zoning, the Subject Properties can achieve a total density of 3.00 times the site area (21,750 sf buildable) and a maximum height of potentially up to 100 feet. Preliminary discussions with the City of Vancouver have been positive regarding a potential vehicle access off Clark Drive and an exit through the to-be-created laneway.
Investment Highlights ✓ Proximity to future mixed use developments along East Hastings Street
✓ I-2 zoning, no rezoning required for redevelopment
✓ Currently low property taxes
✓ Zoning allows for up to 33.3% general office
✓ Desirable neighbourhood with very limited supply
✓ Easily accessible by public transit (both bus & SkyTrain)
LocationThe Subject Properties are located along the east side of Clark Drive, between Parker Street and Napier Street, 1-block south of Venables Street in the Grandview-Woodland area of East Vancouver. Easily accessible by regular bus service along Clark Drive, and an approximately 15-minute walk from the VCC-Clark SkyTrain Station.
This area is in proximity to the planned mixed use developments along the East Hastings Street corridor, and the emerging Strathcona Commercial District. Provides excellent access to Downtown, Railtown, Gastown, the Broadway Corridor and the Trans-Canada Highway.
Grandview-Woodland Community PlanIn July 2016, the City of Vancouver approved the Grandview-Woodland Community Plan. As per the Plan, much of the western portion of Britannia‐Woodland accommodates land for light industrial use. The Subject Properties are included in this area. The Plan does not contemplate any land use changes in this industrial area but recommends future work on design guidelines to improve safety and the public realm.
1032 & 1026 CLARK DRIVEVANCOUVER, BC
Hastings Street Corridor OverviewHastings Street in one of the most important east-west traffic corridors in Vancouver. This street has always had different character areas along its stretch, and today it still embodies different roles as it passes through different neighbourhoods. It is an objective of the City of Vancouver to make Hastings Street a “great street” again, with focused efforts on building vibrant hubs along different sections to meet the needs of the communities through which it passes. In an effort to help facilitate this, many notable developers have strategically purchased property along the corridor in anticipation of this potential growth.
East Hastings Street
Clark Drive
Comm
ercial Drive
1056714 B.C. Ltd.
Clar
k D
rive
Parker Street
Napier Street
Odlum
Drive
Subject Properties
~110’
33’
33’
avisonyoung.com
Avison Young #2900-1055 W. Georgia Street Box 11109 Royal Centre Vancouver, BC V6E 3P3, Canada
Partnership. Performance.
© 2019 Avison Young. All rights reserved.
E. & O.E.: The information contained herein was obtained from sources that we deem reliable and, while thought to be correct, is not guaranteed by Avison Young Commercial Real Estate (B.C.) Inc.; DBA, Avison Young.
Partnership. Performance.
Russ Bougie*, Principal 604.757.5115 [email protected] * Russell Bougie Personal Real Estate Corporation
Dan Smith, Associate 604.646.8397 [email protected]
Kevin Kassautzki, Principal 604.646.8393 [email protected]
COMMERCIAL DRIVE
CLARK DRIVE
POWELL STREET
E HASTINGS STREET
VENABLES STREET
DOWNTOWN VANCOUVER
Adanac Bike Route
9
5
11
1219
13
20
21
22
1
18
2324
17
25
2
1516
4
14
31
30
26
27
28
3
29
32
3334
36
35
108
6
7
Subject Properties
Surrounding Developments, Amenities & Businesses1. The Oxley2. Vveha3. Frances4. Boheme5. Strathcona Village6. Cordovan7. New Vancouver Public Library8. Les Amis du Fromage9. Strathcona Brewing Co.
10. Subway11. Pink Pearl Restaurant12. Yolks13. Waldorf Hotel14. The Gourmet Warehouse15. No Frills16. Starbucks17. Maple Leaf Self Storage18. Public Storage
19. Callister Brewing Co.20. Powell Street Brewing Co.21. Andina Brewing Co.22. Canada Post23. Storm Brewing Co.24. Tesla Motors25. York Theatre26. Uprising Breads27. Bomber Brewing Co.
28. Off the Rail Brewing Co.29. Earnest Ice Cream30. The Butler Did It Catering Co.31. Luppolo Brewing Co.32. La Casa Gelato33. Take Five Cafe34. Fujiya Sushi35. Strange Fellows Brewing Co.36. Bosa Foods
Britannia Secondary
Woodland Park
Strathcona Park
Britannia Community Centre
