5589-5661 Baillie St - Residential LAND FOR SALE


Vancouver, BC V5Z 3M7- South Cambie29,895 SF
$18,880,000 CAD
778-651-7502
5589-5661 Baillie St, Vancouver, BC for Sale
$18,880,000 CAD
Residential LAND - FOR SALE
1/6
29,895 SF

5589-5661 Baillie St
Vancouver, BC V5Z 3M7
South Cambie


HIGHLIGHTS

  • Four-lot assembly, 29,894.7 sf, in the Cambie Corridor — half a block north of W 41st Ave
  • Directly across from Oakridge Centre; steps from the Oakridge–41st Ave Canada Line station
  • R1-1 ? CD-1 rezoning under the City's Seniors Housing Rezoning Policy; RH Architects enquiry complies
  • 158-unit Class B assisted living concept — 14 storeys, 153,300 sf, 5.13 FSR, 103 parking stalls
  • Structurally undersupplied market — modelled 2030 demand of 960–2,240 high-income AL units against just 820 existing citywide
  • Wealthy, rapidly aging catchment — Vancouver's 75+ population up 9,400+ by 2030, with $2–6M+ in local single-family equity to fund the move

OVERVIEW

Rare seniors care development opportunity in one of Vancouver's strongest growth corridors. This four-lot assembly of 29,894.7 sf sits half a block north of West 41st Avenue, directly across from the Oakridge Centre redevelopment and within walking distance of the Oakridge–41st Avenue Canada Line station. The site is positioned for rezoning from R1-1 to CD-1 under the City of Vancouver's Seniors Housing Rezoning Policy. The RH Architects rezoning enquiry contemplates a 14-storey, 158-unit Class B assisted living facility totalling 153,300 sf at a 5.13 FSR, with two underground parking levels (103 stalls), a 16-child public daycare, and a publicly-accessible community access space — a program designed to align with the policy's public-benefit framework. The investment case rests on a structural demand-supply gap. Vancouver's 75+ population is projected to grow by more than 9,400 between 2025 and 2030, with net new senior households living alone — the single best leading indicator of assisted living conversion — rising by nearly 5,800. Against modelled 2030 demand of 960–2,240 high-income AL units, the city today holds just 16 registered facilities and 820 units, with only one competing project in the pipeline. Local single-family equity of $2–6M+ provides the down-the-street buyer base to fund the move. A complete due-diligence package — including the architectural rezoning enquiry, demand and supply analyses, site survey, hydrogeological and geotechnical reports, Phase I ESA, and current title — is available to qualified purchasers on request. Co listed with Sutton Group West-Coast Realty and Oakwyn Realty.

FOR SALE DETAILS

PRICE

$18,880,000 CAD

PRICE/ACRE

$27,510,036/AC

PRICE/SF

$632 CAD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Apartment Units - Senior

LAND ACRES

0.69 AC

LAND SF

29,895 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

CD

APN/PARCEL ID

004-513-070,009-396-675,009-430-504,009-430-521

ASK ABOUT THIS PROPERTY

Seth BakerMultifamily Real Estate ServicesMore Info
778-651-7502

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Seth BakerMultifamily Real Estate ServicesMore Info
778-651-7502

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.