Developers and investors alert. Rare opportunity to secure a prime Oakridge development site directly across from Oakridge Park, Vancouver’s landmark master-planned urban centre. This 57.3’ x 120’ lot is steps to Oakridge-41st Avenue Canada Line Station and located in one of the Westside’s most active growth corridors. Current R1-1 zoning allows multiplex…
Developers and investors alert. Rare opportunity to secure a prime Oakridge development site directly across from Oakridge Park, Vancouver’s landmark master-planned urban centre. This 57.3’ x 120’ lot is steps to Oakridge-41st Avenue Canada Line Station and located in one of the Westside’s most active growth corridors. Current R1-1 zoning allows multiplex development, with potential for higher-density redevelopment through assembly under the Cambie Corridor and TOA policy framework, including up to 12 storeys / 4.0 FSR, subject to City approval. Currently generating approx. $106,200 annually, in rental income. A strategic holding, redevelopment, or assembly opportunity with exceptional long-term upside. Buyer to verify all development potential.
Features
No Outdoor Area
Detached
Rear Access
Shopping Nearby
Room measurements10 rooms▸
BedroomMain · 10'4 × 11'10
KitchenMain · 10'3 × 14'11
BedroomMain · 11'5 × 11'6
BedroomMain · 15'2 × 18'4
BedroomMain · 10'1 × 12'2
Eating AreaMain · 7'7 × 8'2
Primary BedroomMain · 13'6 × 17'4
BedroomBsmt · 12'7 × 15'10
BedroomBsmt · 13'6 × 17'4
BedroomBsmt · 9'0 × 9'2
Floor plan
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Property Details
MLS NumberR3125380
Property TypeSingle Family Residence
Bedrooms8
Bathrooms4
Square Feet3,180
Lot Size6,876 sqft
Year Built1951
Parking Spaces1
HeatingNatural Gas
Days on Market83
StatusActive
Listed BySutton Group - 1st West Realty
School Catchment
ElementaryJamieson
SecondaryHamber
Neighbourhood
Highlighted area = this home's census tract (StatCan), the boundary the neighbourhood stats describe.
$1,840,000Median home value
$94,000Median household income
65.1%Owner-occupied
31.1%Single-detached homes
2.4Avg household size
40Median age
65.5%Bachelor's degree or higher (25-64)
63.8%Commute under 30 min
61.1%Drive to work
49.9%Foreign-born residents
3,745Neighbourhood population
Age
Under 1512.3%
15 to 6464%
65 and over23.8%
Household size
1 person30.6%
234.2%
316.6%
410.6%
5 or more8%
Language spoken at home
38.4% English mother tongue
Mandarin19.1%
Cantonese16.2%
English + other4.9%
Korean2.7%
Spanish2.2%
French1.5%
All others15%
Mother tongue, share of 3,700 residents.
How this pocket differs
more seniors 65+ than Cambie 23.8% vs 17.7%
fewer 4-person households than Cambie 10.7% vs 13.7%
notably more Mandarin speakers than Cambie 19.1% vs 6.7%
notably more Cantonese speakers than Cambie 16.2% vs 10.3%
Median dwelling value is notably higher than Metro Vancouver $1,840,000 vs $1,050,000
Source: Statistics Canada, Census of Population, 2021. Reproduced and distributed on an "as is" basis with the permission of Statistics Canada.
Land & Development
Lot size6,860 sqft
Lot dimensions57 × 121 ft
Lot shapeRectangular
Transit-oriented potential (Bill 47 / TOA)
Transit areaTier 3within 800 m of a station
Max density3 FAR
Max height8 storeys
Est. buildable~20,514 sqft
Nearest stationOakridge-41st Avenue Station416 m away
Within a provincially designated Transit-Oriented Area, this lot may support up to 3 FAR / 8 storeys regardless of base zoning. Provincial minimums and approximate — municipal rezoning, servicing and parking standards still apply.
Approximate lot lines (ParcelMap BC)
Zoning, lot dimensions and grade are approximate, from public data, and for reference only — verify with the City / Township of Langley before relying on them.
Monthly Cost Calculator
Estimated monthly cost$18,985
Mortgage payment$16,290
Property tax$2,335
Home insurance$360
Partner Rates Available
Contact us for preferred mortgage rates
Monthly cost
Estimated monthly$18,985
$3,059,000$4,139,000
20%50%
2.72%6.72%
5 years30 years
$22,220/yr$33,820/yr
$285/mo$435/mo
An estimate only. Canadian semi-annual compounding; excludes utilities, closing costs and BC property transfer tax.
5-year fixed, as of Aug 6