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At 0.8%, Vancouver has one of the lowest rental vacancy rates in the country. But new projects being proposed and coming online are attempting to address the pent-up demand for housing. A new residential proposal at 3681 Victoria Drive and 1915 Stainsbury Avenue, from Strand Development and designed by Yamamoto Architecture Inc., was approved by City Council on November 14th, and will add some much-needed rental stock to the frenzied Vancouver real estate scene.
The proposal underwent several revisions since it was first submitted to the City. The initial proposal put forth in August 2016 called for 155 secured market rental residential units, including six live-work units, and 101 residential parking spaces. After some modifications were made to the courtyard entry off Victoria Drive, another scheme was submitted in October 2016, and included 149 units, five live-work units and 110 parking spaces.
The final proposal is comprised of two six-storey buildings, and contains a total of 153 secured market rental apartments, consisting of a mix of 45 studio, 46 one-, 35 two- and 27 three-bedroom apartments, plus three-bedroom townhouses.
The complex will also include four live-work units. Residents will have access to a courtyard with a children's playground, garden plots, a patio and a BBQ area. Ground-level units will have individual patios and front door entry off the sidewalk or internal lane.
Additional information and images can be found in our Database file for the project, linked below. Want to get involved in the discussion? Check out the associated Forum thread or leave a comment in the field provided at the bottom of this page.
