2566-2584 Granville Street

FOR SALE | High-Rise Development Site with Good Holding Income This is a rare opportunity to acquire a 58’ x 120’ lot with the potential to assemble the adjacent property to the north, creating a combined frontage of approximately 162 feet along Granville Street and Broadway. Situated within the Broadway Plan area, the site offers significant redevelopment potential, with current policies allowing for heights of up to 40 storeys and a density of up to 12.25 FSR. The property is currently improved with a 9,944 SF mixed-use building featuring retail and residential components, generating strong holding income. All leases include demolition clauses, providing flexibility for future redevelopment. Building Overview Originally constructed in 1987, this distinctive mixed-use building has remained under the same ownership since completion. The development was stratified into six units, comprising two commercial strata lots—SL1 on the lower level and SL2 on the upper retail level—and four residential townhomes. The commercial component is currently leased to five tenants, with one unit presently occupied but available for lease, offering immediate upside potential. The residential portion consists of four spacious two-level townhomes, each ranging from approximately 987 to 1,059 square feet and featuring large private outdoor patios of roughly 220 square feet.