10/9/2020 RealNet - View Commercial Event
RESIDENTIAL LAND TRANSACTION SUMMARY
150 West 42nd Avenue
GENERAL SUMMARY
Record Status: Preliminary Research Completed
Inventory Number: BC-RLN-2020-01-08-109BK
Address: 150 West 42nd Avenue
Location: Located within Phase 3 of the Cambie Corridor Plan, in the community of
Oakridge, on the south side of West 42nd Avenue, east of Columbia Street
Municipality: Vancouver
Event Date: 2020-01-08
Land Use: Medium Density
Price: $2,870,000.00
Land Area: 0.135 acres
Price per Acre:
Price per Sq Ft Buildable:
Price per Unit Buildable:
Estimated Time to One to Two Years from application
Develop:
Sale Type: Market
Percentage Transferred: 100.00%
Estate Type: Fee Simple
Brokers: Magsen Realty - Listing
Sutton Group West Coast Realty - Buying 1/1
PID(s): 010-667-571
LEGAL DETAILS
Title Document
Instrument Number: CA 7966432
Transfer Document
Title Type: Standard
Legal Description: Lot 6, Block 1043, District Lot 526, Plan 7322
Lot Details: Frontage on West 42nd Avenue: 46.50
feet
Depth : 126.00
feet
Lot Area: 0.135 acres
Land Assessment: $2,114,000.00
Building Assessment: $482,000.00
Total Assessment: $2,596,000.00 (2020)
Vendors: An individual(s) acting in his/her own capacity
Signing Officer:
Address:
Purchasers: An individual(s) acting in his/her own capacity - Private Investor - Canadian
Signing Officer:
Address:
PRICE STRUCTURE
Cash and Assumed Consideration: $2,870,000.00 (100%)
VTB Price: $0.00 (0%)
Other Considerations Price: $0.00 (0%)
Total Price: $2,870,000.00
Percentage Transferred: 100.00%
100% Equivalent: $2,870,000.00
This document has been generated under license with RealNet Canada Inc. for Peter Sun on 9-Oct-2020 and is subject to all terms and conditions contained therein.
© RealNet Canada Inc. (1995 - 2020) All rights reserved. No part of the information presented herein may be reproduced, stored in a retrieval system, or distributed, sublicensed, transferred, in any form or by any
means, electronic, mechanical, photocopying, recording, or otherwise without the prior written consent of RealNet Canada Inc.
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10/9/2020 RealNet - View Commercial Event
Land Use Details: The City of Vancouver designates the general land use for the property as Townhouse within Phase 3 of the Cambie Corridor Plan.
PROPERTY DETAILS
Density: Up to 1.20 FSR
Height: Up to 3 storeys. On sites of sufficient size, townhouses will be allowed up to 3 storeys at the street and up to 2 and a partial third
storey at the lane.
The City of Vancouver designates the Zoning for the properties as RS-1, a Single Family Dwelling District classification which permits a
maximum site coverage of 0.4 times the site area and a maximum gross floor area equal to 0.6 times the site area, subject to certain
building specific criteria.
General Remarks: At the time of sale the property was improved with one single family detached dwelling and a triple-detached garage.
GENERAL NOTES
As of March 2020, no applications had been submitted to the City of Vancouver regarding the development of the property in this
transaction. Based on the time required to submit, review and approve a development proposal, we have estimated the time to development
at one to two years from the date of application.
We will continue to track the activity on this property and will create a Development Application record in the Development Applications
Module upon the submission of any development proposals to the City. A hyperlink in the “Linked Transactions” portion of this record will be
posted upon the submission of a formal application.
The total consideration of $2,870,000 represents a price per square foot of site area of $490.
Our discussions with industry professionals familiar with this transaction indicated that the property had been on the market for
approximately two months. The asking price for the property was approximately $2,990,000.
PROPERTY LOCATION
Surrounding Uses:
SITE PLAN
Site Plan:
This document has been generated under license with RealNet Canada Inc. for Peter Sun on 9-Oct-2020 and is subject to all terms and conditions contained therein.
© RealNet Canada Inc. (1995 - 2020) All rights reserved. No part of the information presented herein may be reproduced, stored in a retrieval system, or distributed, sublicensed, transferred, in any form or by any
means, electronic, mechanical, photocopying, recording, or otherwise without the prior written consent of RealNet Canada Inc.
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