1722 West 4th Avenue

Location The property is located on the south side of West 4th Avenue, between Burrard Street to the west and Pine Street to the east. The West 4th Avenue retail district is a vibrant area in Vancouver, BC, known for its mix of retail shops, restaurants, and amenities. The subject property, located at 1722 W. 4th Avenue, is situated within this district, offering proximity to various nearby amenities such as Tacofino, Fable Kitchen, Ramen Danbo, and Granville Island Public Market. This area is characterized by its accessibility and diverse offerings, making it a desirable location for both commercial and residential purposes. Zoning The current City of Vancouver zoning of the property is C-2B Commercial. This zoning allows for redevelopment based upon a 3.5 floor area ratio (FAR) and up to a six-storey building. The residential component would allow for market condominiums. There are density bonuses allowed if a portion of the residential component was built for secured rental housing. This property also lies within a Transit-Oriented Area (TOA) under Bill 47, implemented by the BC Government in late 2023. According to TOA legislation the property could allow up to a minimum density of a 3 FAR and a height of 8 stories. Improvements The current improvements include a restaurant space in shell condition (gutted) with two residential units above.