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20755 DOUGLAS Crescent
Langley City Langley V3A 4C1

$2,400,000
Land Commercial, Multi-Family Commercial

Main Photo: 20755 DOUGLAS Crescent, Langley - Langley City
Photo 1: 20755 DOUGLAS Crescent, Langley - Langley City
Photo 2: 20755 DOUGLAS Crescent, Langley - Langley City
Photo 3: 20755 DOUGLAS Crescent, Langley - Langley City
Photo 4: 20755 DOUGLAS Crescent, Langley - Langley City
Photo 5: 20755 DOUGLAS Crescent, Langley - Langley City
Photo 6: 20755 DOUGLAS Crescent, Langley - Langley City
Photo 7: 20755 DOUGLAS Crescent, Langley - Langley City
Status:
Active
Prop. Type:
Land Commercial, Multi-Family Commercial
MLS® Num:
C8059811
Build. Type:
Freestanding
The property is designated "Mixed Use Residential" which will allow a FAR of 2.5-3.5 due to potential density bonusing provisions in the OCP Bylaw Building height can be a maximum of 12 storeys. Mixed use residential allows for ground floor commercial and residential above. See included draft plan renderings for both a 6 storey and 12 storey building on this assembled side. 3 parcels must be purchased together and total nearly half an acre. (20755 Douglas Crescent, 20765 Douglas Crescent, 5453 208 St)
Sale Type:
Asset
Construction:
Wood Frame
Building Type:
Freestanding
Year built:
1946 (Age: 78)
Total Floor Area:
800 sq. ft.
Main Floor Area:
800 sq. ft.
Lot Area:
6,500 sq. ft.
Acres Freehold:
6,534 sq. ft.
Acres Leasehold:
0 sq. ft.
Land Use/Zoning:
RS-1
Permitted Use:
Multifamily (5+), Residential
Taxes:
$5,047.86 / 2023
Services Connected:
Fully Serviced
Water Supply:
Municipal
Water Rights:
Yes
HVAC:
Electric
Sewer Septic:
Municipal/Community
Potential to Redevelop:
Yes
Env Assmt Phase:
Not Applicable
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Listed by RE/MAX 2000 Realty and RE/MAX Treeland Realty
Data was last updated December 22, 2024 at 05:10 PM (UTC)
AMAR SHAN
DANA BALAN
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Navigating Commercial Real Estate Landscape in Vancouver, BC

Vancouver, BC, stands as a beacon of economic prosperity and cultural diversity, drawing businesses and investors alike to its dynamic commercial real estate market. In this article, we’ll delve into the thriving commercial landscape of Vancouver, exploring key trends, popular sectors, and the factors contributing to the city’s robust real estate sector. Whether you’re an entrepreneur seeking the perfect storefront or an investor eyeing the stability and growth potential of Vancouver’s commercial market, the opportunities are as diverse as the properties themselves. Explore BC commercial properties, especially in Vancouver, and discover a landscape ripe for business success and investment ventures.

Diverse Commercial Sectors

Vancouver’s commercial real estate market spans a diverse array of sectors, catering to the multifaceted needs of businesses. From vibrant retail spaces in bustling neighborhoods like Gastown to sleek office towers in the central business district, the city offers a spectrum of opportunities. The industrial sector, particularly in areas like Mount Pleasant, has also witnessed significant growth, driven by the rise of tech companies and creative industries.

Tech Hub and Innovation

As a burgeoning tech hub, Vancouver has become a magnet for innovative companies seeking prime office spaces to foster creativity and collaboration. The city’s strategic location, coupled with its quality of life, has attracted major players in the tech industry, contributing to the demand for modern, adaptable office spaces.

Green Initiatives and Sustainability

Vancouver places a strong emphasis on sustainability, influencing its commercial real estate landscape. The city’s commitment to green building practices has led to a surge in environmentally conscious developments. LEED-certified buildings and energy-efficient spaces have become integral components of the commercial market, appealing to businesses with a focus on sustainability.

Challenges and Opportunities

Despite its robustness, Vancouver’s commercial real estate market is not without challenges. Limited available space in key areas and rising property values pose obstacles for businesses seeking prime locations. However, this scarcity has also spurred innovative projects, such as mixed-use developments that seamlessly blend residential and commercial spaces.

Investment Appeal

Investors are drawn to Vancouver’s commercial real estate market for its stability and long-term growth potential. The city’s strategic geographical location, strong economic fundamentals, and commitment to innovation create an attractive environment for those looking to diversify their portfolios.

Conclusion: Vancouver, BC Commercial Properties

Vancouver’s commercial real estate landscape continues to evolve, shaped by economic trends, sustainability initiatives, and the city’s commitment to innovation. Whether you’re a local business looking to expand or a global investor seeking lucrative opportunities, Vancouver’s dynamic and diverse commercial real estate market provides a wealth of possibilities.