The subject property is being sold together with 1243 & 1257 E Broadway as an assembly of 3 lots each improved with a detached single-family building and is designated for rezoning within the City of Vancouver's Broadway Plan - Mount Pleasant North Apartment Area - Area A which allows for tower up to a maximum height of 20 storeys. Option for either Secured market rental housing up to 6.5 FSR with 20% of residential floor space secured at below-market rents or strata ownership housing up to 6.0 FSR with 20% of residential floor area delivered as turnkey social housing units to the City. The maximum height and density can potentially be increased up to 0.3 FSR with the provision of ground level retail/service uses or childcare. Sites with lesser frontage may be considered at the discretion of the Director of Planning. (id:51532)
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