526 East Cordova Street, Vancouver
|Civic Address||526 East Cordova Street, Vancouver, BC|
|Site Area||2,105 ft²|
|Site Dimensions||25′ x 122′|
|Zoning||DEOD: Sub-Area 2|
Located on the south side of East Cordova Street, the subject property represents a standard downtown Eastside lot with 25-feet of frontage and 122-feet of depth for a total of 3,050 SF. Under the DEOD Sub-Area 2 zoning bylaw, a maximum development of up to 4.5 floor space ratio (FSR) is permitted while additional density may be achievable through a rezoning process under the Downtown Eastside Plan. The subject property is designated on the Vancouver Heritage Registrar as Heritage Status C.
Whether a seasoned developer or just starting out, the subject property offers a rare opportunity to revitalize a character property with vacant possession or explore development options with the City of Vancouver.
- DEOD zoning provides flexibility with up to a 4.5 FSR or 5.0 FSR through the Downtown Eastside Plan.
- Located in Vancouver’s Historic Japantown neighbourhood.
- Share the area with trendy restaurants such as Cuchillo, Dosanko, and Mackenzie Room.
526 East Cordova Street
Year Built: 1910
Originally constructed in 1910, 526 E Cordova Street represents a classic example of early 20th-century architecture and is improved with a four-storey residential building comprising of approximately 2,662 SF of residential space. In the rear of the property is a two-car garage.
The subject property’s location is by all definitions, prime. Nestled mid-block on East Cordova Street between Jackson Ave and Princess Ave, 526 E Cordova Street presents a rare opportunity to purchase a property that is ripe for redevelopment – either through rehabilitation of the existing building or by exploring development options with the City of Vancouver.
Strategically located in Vancouver’s historic Japantown, the subject property is just blocks away from popular and trendy restaurants including Cuchillo, Ask for Luigi’s, Mackenzie Room, Belgard Kitchen, and Dosanko. As well, 526 E Cordova Street is just four blocks east of Main Street, three blocks south of Railtown, and is within walking distance to many natural amenities including Oppenheimer Park, the Burrard Inlet, and Crab Park. The property’s exceptional location provides ease of access to Vancouver’s Downtown while East Cordova Street provides quick access to Vancouver’s Eastside and to Burnaby.
Furthermore, the technology sector in Vancouver has begun to congregate around Main Street and Railtown. Less than four blocks away from the subject property is the new Vancouver Centre for Social and Economic Innovation – 312 Main Street (formerly the Police Headquarters). This innovation centre presents over 100,000 SF of new commercial space that offers a wide range of uses that is meant to foster collaboration and innovation among organizations, artists and entrepreneurs.
Inevitable neighbourhood change has begun to transform the area’s properties, lifestyle, and image. Such positive long-term neighbourhood growth assures a strategic location for any investment or development.
Paradigm Group Commercial Real Estate Services
501-211 E Georgia St,
Vancouver, B.C. V6A 1Z6