Photos: 4 Vancouver homes listed as land assembly for Cambie Corridor project sold nearly $16 million

by Carlito Pablo on January 6th, 2022 at 11:18 AM

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All four homes are in “good condition”.

In fact, each one is a “great mortgage helper”.

But this is not the main selling point in the listing for the four single-family houses next to B.C. Children’s Hospital on the west side of Vancouver.

Pitched for “developers” and “investors”, the lots form a land assembly for a new development under the Phase 3 of the city’s Cambie Corridor Plan.

“If you're smart buyers, ACT NOW!” the listing urged.

Phase 3 of the Cambie Corridor Plan was approved by the previous Vancouver city council in 2018.

This particular phase of the plan calls for the transformation of detached-home properties into townhouses and low-rise apartment buildings.

“True rare opportunity for investment or development in prestigious Westside!!” the listing declared.

The properties are the corner lot at 4375 Willow Street, 817 West 28^th Avenue, 827 West 28^th Avenue, and 837 West 28^th Avenue.

The four properties sold for a combined $15,803,200 in a sale reported on January 4, 2022.

In particular, 4375 Willow Street, $4,210,000; 817 West 28^th Avenue, $3,864,600; 827 West 28^th Avenue, $3,864,000; and 837 West 28^th Avenue, $3,864,600.

The transformation of neighbourhoods on and near Cambie Street from West 16^th Avenue to the Fraser River is a legacy of the 2010 Winter Olympics.

The plan was spurred by the development of the Canada Line rapid transit project.

Canada Line opened in 2009, and the Cambie Corridor Plan was approved by city council in 2011.