Commercial Land for Sale or Lease

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562 W 24TH Avenue
Cambie Vancouver V5Z 2B4

$4,536,000
Land Commercial

Main Photo: 562 W 24TH Avenue, Vancouver
Photo 1: 562 W 24TH Avenue, Vancouver
Photo 2: 562 W 24TH Avenue, Vancouver
Photo 3: 562 W 24TH Avenue, Vancouver
Photo 4: 562 W 24TH Avenue, Vancouver
Photo 5: 562 W 24TH Avenue, Vancouver
Status:
Active
Prop. Type:
Land Commercial
MLS® Num:
C8065388
LAND ASSEMBLY – Transit Oriented 20 storey high-rise development site. Highly sought after corner location, on a quiet street within 200m to King Edward Station on the Canada Line. Recently announced, Bill 47 Transit-Oriented Areas have designated the subject properties for a condo tower at 20 storeys and a density of up to 5.5 FSR. Four lots - 550, 556, 560, 562 West 24th to be sold together forming a 18,625 square foot site. This location is ideal, within close proximity to Queen Elizabeth Park and Hillcrest Community Centre, and conveniently located only 10 minutes from downtown via the Canada Line. Please do not walk on the properties.
Sale Type:
Asset
Name of Complex/Subdivision:
# Other Units:
# Storeys:
2.0
Year built:
1940 (Age: 85)
Total Floor Area:
2,893 sq. ft.
Lot Area:
4,301 sq. ft.
Acres Freehold:
4,356 sq. ft.
Lot Depth:
130.35
Lot Frontage:
33'
Land Use/Zoning:
RM-8A
Permitted Use:
Mixed Use, Multifamily (5+)
Taxes:
$11,080 / 2023
Services Connected:
Fully Serviced
Water Supply:
Municipal
Roof:
Sewer Septic:
Municipal/Community
Potential to Redevelop:
Yes
Env Assmt Phase:
No
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
Tot Gross Sales:
Condo Fee:
Previous Price:
Original Price:
  • Photo 1: 562 W 24TH Avenue, Vancouver
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  • Photo 2: 562 W 24TH Avenue, Vancouver
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  • Photo 3: 562 W 24TH Avenue, Vancouver
    Photo 3 of 5
  • Photo 4: 562 W 24TH Avenue, Vancouver
    Photo 4 of 5
  • Photo 5: 562 W 24TH Avenue, Vancouver
    Photo 5 of 5
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Listed by Oakwyn Realty Ltd.
Data was last updated January 20, 2025 at 06:10 PM (UTC)
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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
Copyright 2025 by the Greater Vancouver REALTORS®, Fraser Valley Real Estate Board and Chilliwack & District Real Estate Board. All Rights Reserved.
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Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.