CBRE Limited is pleased to offer the opportunity to acquire 540 West 65th Avenue and 8120-8168 Lord Street (the “Site”) – a 33,153 sq. ft. multifamily redevelopment site located near Cambie Street and SW Marine Drive, less than one minute to SkyTrain and an abundance of commercial amenities. The Site recently received rezoning application approval to amend the zoning designation from R1-1 (Residential Inclusive) to CD-1 (Comprehensive Development), which, when enacted, will allow for a 6-storey development with an approved density of 2.88x FSR (98,722 sq. ft. gross buildable area). Existing architectural plans depict a two-building, 146-unit rental project, with a very favourable 97% market rental vs. affordable unit mix, and a total net rentable area of 83,632 sq. ft. The Site is located 165 metres from the Marine Drive SkyTrain station (Canada Line), placing the Site within a Tier 1 (within 200m) Transit-Oriented Area (TOA). As such, the purchaser may choose to rezone the Site under its TOA designation, which may allow for a higher-density concrete development up to 5.50x FSR or 20 storeys (subject to approval).