Commercial Land for sale
2388 Galt Street, Victoria VE, Vancouver
$7,200,000
Features
Lot Size
12,241 sqft
Gross Property Tax
$36,424.40 /year
Zoning
RM-9A
Permitted Land Use
Multifamily (5+), Residential
Description
Avison Young is pleased to present the opportunity to acquire 2388 Galt Street, Vancouver, BC (the “Property”). Situated in the heart of East Vancouver, this offering provides a premier development site in the Norquay Village area, one of East Vancouver’s largest growth areas. The Property is ideally situated just off Kingsway, within a vibrant urban corridor experiencing a surge in residential consumers and benefiting from transit-oriented panning policies in the heart of Vancouver. This location is surrounded by an abundance of schools, vibrant retail, key transit-oriented connections, with proximity to downtown Vancouver and surrounding municipalities. Currently, there are plans in-place with an approved building permit for a 4-storey, 28-unit condominium project, streamlining a path to development. The opportunity also exists to increase the density to a 3.0 FSR over 8-storeys, under the newly adopted TOD legislation.
MLS® Number C8073130