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Tuesday, February 27, 2024

Cambie Street condo project reworked as wood frame rentals

In what appears to be a growing trend, another strata condominium proposal is switching to rental.

Plans for a six-storey condominium building at West 32nd and Cambie Street have been revised and a new rezoning application submitted.

A 15-unit strata building with large units was approved for the site in 2017, but it never got off the ground.

618 West 32nd location
Existing condition of project site at 618 West 32nd Avenue. Credit: Google Maps

Now the developer is seeking to change the development to include 34 secured market rental units, in the same building form.

A letter from the developer, Livable City Planning Ltd., says the project will also be changed from concrete construction to wood frame, which is more affordable.

This is the second project in Metro Vancouver to flip recently from strata condominiums to rentals. A 10-storey, mixed-use rental/strata building proposal at Broadway and Commercial is now seeking two additional storeys and 100 per cent rental units.

Street view from East Broadway looking east
Street view from East Broadway, looking east. Credit: IBI Group

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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.

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