0.7 C
Vancouver
Tuesday, February 27, 2024

Rentals targeted at households earning between $30,000-$80,000 annually slated for East Van

Carscadden Stokes McDonald Architects Inc. has submitted a rezoning application for a five-storey affordable and market rental housing development at 1990-1956 Stainsbury Avenue in the Kensington-Cedar Cottage neighbourhood of East Vancouver.

The application is being submitted under the Moderate Income Rental Housing Pilot Program (MIRHPP) rezoning policy. The policy targets moderate income households earning between $30,000 and $80,000 per year.

Twenty per cent of the units will be assigned to moderate income households as per city policy.

Targeted rents of moderate income rental units (at project opening) are as follows:

  • Studio $950
  • 1 Bedroom $1,200
  • 2 Bedroom $1,600
  • 3 Bedroom $2,000

Rent increases will be capped at the BC Residential Tenancy Act annual allowable increase, regardless of turnover.

The building will replace four post-1940 two-storey houses with a five-storey, 80 unit development.

Thirty-eight per cent of the units will be suitable for families (two and three bedrooms).

The location at the corner of Stainsbury Avenue and Victoria Drive, is walking distance to the Nanaimo SkyTrain station.

There will be 34 underground parking spaces (including two carshare spaces), and 198 bicycle spaces.

A community open house will be held on Wednesday, May 15, 2019 from 5:00 p.m. – 8:00 p.m. at the Croatian Cultural Centre (3250 Commercial Dr.), before the project heads to the Urban Design Panel on May 29, 2019.

Subscribe to our newsletter

To be updated with all the latest news.

Peter Meiszner
Peter Meiszner
Peter Meiszner is an experienced journalist and media relations professional, based in Vancouver. As founder of urbanYVR.com, he has been reporting on urban development across the Lower Mainland since 2016, and has also served as vice-chair of the Gastown Historic Area Planning Committee. In October 2022, he was elected to Vancouver city council and is no longer actively reporting for urbanYVR.

Related Articles

Stay Connected

872FansLike
4,971FollowersFollow
4,165FollowersFollow
Snaile Smart Parcel Lockers

Latest Articles

Urban Planning

Subscribe to our newsletter

To be updated with all the latest news.