Three rezoning applications in neighbourhoods including Kitsilano, Grandview-Woodland and Marpole go to public hearing Feb. 12. The projects include two mixed-use rental buildings and a two-building development of market residential units.
To speak at the public hearing, individuals must register by email or phone before 5 p.m. on the day of the hearing or in person at the door between 5:30 and 6 p.m. Comments may also be submitted by mail or email.
Kitsilano: 1906 to 1918 West 4th Ave.
This five-storey, mixed-use, rental building with commercial space is proposed for the site of the old Salvation Army Thrift store on West 4th at Cypress Street.
It would produce 32 secured market rental units with retail at grade level. Twenty of the 32 units would be family-oriented — 14 two-bedroom and six three-bedroom units.
Proposed rents would range from $1,646 for a studio, $1,903 for a one-bedroom, $2,756 for a two-bedroom and $3,702 for a three-bedroom.
The rezoning application is being considered under the city’s Rental 100 program.
Grandview-Woodland: 815 to 825 Commercial Dr. and 1680 Adanac St.
Rents proposed for this 38-unit, six-storey, mixed-use secured market rental building envisioned for Adanac Street and Commercial Drive would range from $1,496 for a studio, $1,730 for a one-bedroom, $2,505 for a two-bedroom and $3,365 for a three-bedroom.
A city staff report states: “When compared to home ownership costs, the proposed rents in this application will provide an affordable alternative to homeownership, particularly for the larger units.”
There would also be 23 parking spaces and 56 bicycle stalls.
The rezoning application, by Cornerstone Architecture on behalf of Park Drive Investments, is being considered under the Grandview-Woodland Community Plan.
Staff concluded the application meets goals outlined in the city’s Housing Vancouver Strategy, which “seeks to shift the supply of new homes toward the right supply.”
It would produce 18 family-oriented units — 14 two-bedroom and 4 three-bedroom — which translates to 48 per cent of all units.
The staff report also highlights the city’s tight vacancy rates, including those for Grandview-Woodland.
“Vancouver has one of the lowest vacancy rates in Canada. In fall 2018, the vacancy rate in the City was 0.8 per cent. That means only eight out of every 1,000 market rental units were empty and available for rent. A vacancy rate of three per cent is considered to be a balanced rental market. The vacancy rate in the Grandview-Woodland neighbourhood was also very low at 0.6 per cent.”
Marpole: 441 to 463 West 59th Ave.
Two, six-storey market residential buildings, featuring 63 strata units, are proposed for four single lots on West 59th at Yukon Street.
Units include 20 one-bedrooms, 35 two-bedrooms and eight three-bedrooms.
The project also includes 103 vehicle spaces and 82 bicycle stalls.
The rezoning application, by iFortune Homes Ltd. on behalf of iFortune West 59 (BT) Ltd., is being considered under Marpole Community Plan
Read more about the proposal HERE.