Commercial Land for sale
5568 Heather Street, Cambie, Vancouver
$7,800,000
Features
Year Built
1996
Lot Size
7,754 sqft
Gross Property Tax
$20,415 /year
Zoning
R1-1
Subject Property Width
56 ft
Subject Property Depth
138.47 ft
Permitted Land Use
Mixed Use, Residential
Water Supply
Municipal
Sewer/Septic
Municipal/Community
Description
DEVELOPMENT OPPORTUNITY. 5568 Heather St. is part of a 3-lot Land Assembly with 5588 & 5612. This single-tower site is approximately 23,259.60 square feet, with 168 ft frontage & 138.45 ft depth. Under the Cambie Corridor Plan, Heather street is envisioned as a key connection between Oakridge Centre & the Heather Lands with a “car-light” design and pedestrian & cycling integration. The plan calls for an 18-storey mixed-use development with a four-storey podium consisting of commercial at grade, and a residential mix of 80% market rental units & 20% below market rental units. This site is ideally situated on a quiet tree-lined street, and is within steps to Oakridge Mall & the Canada Line. Additional future nearby developments offer a booming cityscape and world class amenities.
MLS® Number C8057787