The Development Permit nearing final approval. This significantly reduces entitlement risk and accelerates the construction timeline, making it an attractive option for developers seeking a shovel-ready or near shovel-ready project in a supply-constrained market. Located in the prestigious Shaughnessy area, the property benefits from excellent connectivity to major city corridors, retail amenities, and public transit. Its proximity to downtown Vancouver, key employment hubs, and cultural destinations enhances its long-term value proposition. With strong demand for multi-family housing and limited available land in this high-barrier-to-entry market, this site offers a compelling opportunity for builders and investors to deliver a boutique residential project in a sought-after location.