The Property is located on the northwest corner of Kingsway and Beatrice Street. Nanaimo Skytrain Station is a 15min walk away. Situated in the highly desirable neighborhood of Kensington-Cedar Cottage, the Property is surrounded by excellent amenities such as the retail shopping node of King Edward Village, Trout Lake Community Centre, T&T Supermarket, Brewers Park, Gladstone Secondary, and Selkirk Elementary.
Purpose Built Rental: Massing & Capacity Study based on proposed updates to the Secure Rental Policy is available for a 6-storey, 54-unit rental building with 3 CRUs at 3.4 FSR. Contact Agents for details.
Market Strata Condo: 1875 Kingsway is zoned C-2 and can allow for a market condo development at maximum of 2.5 FSR. 4319 Beatrice is zoned RS-1A and should be rezoned to form part of the condo development.
Kensington-Cedar Cottage has a wide social and demographic mix, with an impressive range of ethnic groups who contribute richly to Vancouver’s cultural diversity. This area also has a thriving colony of artists, many in residential live/work studios. Cedar Cottage lies in the center of East Vancouver, with scenic views from the top of the city’s east-west ridge, and running down to beautiful Trout Lake, an urban lake and park. Active redevelopment along main arterials such as Kingsway, Victoria Drive, and Commercial Drive has injected much vibrancy to this rapidly evolving neighborhood, with cafes, restaurants and retailers dotted throughout.