57th Ave., the developers saved a handsome heritage house and turned it into eight strata homes with potential for two rental suites.
“The market in Vancouver is definitely going to go higher,” said Mr. Chan.
The 100-year-old house has been converted into three units, each with three bedrooms. The property was subdivided, and the duplex building sits on the lot to the west.
The mayor’s Making Home reboot tackles affordability through various mechanisms, such as capping profit once the unit is resold, with a portion of that profit going toward the city for housing programs. Current policy allows for three units on a so-called single-family lot, including basement suite and laneway house.
professor and urban design expert Patrick Condon has advocated for gentle density with a permanently affordable component for several years, and last year he applauded the city of Portland for coming up with new six-unit zoning that addresses affordability.
Hudson 8 co-owner and developer Rob Chetner, who’s been building homes in Vancouver since 1995, says the five or six years it has taken to redevelop the property has been too long and laborious to go through again.
Instead of building another monster house on the 21,000-square-foot lot at 1312 W.
In exchange for saving the heritage house, Mr. Chetner says he got zoning permission for about 1,500 more square feet and the ability to build six strata units.
And in that time, the duplex lot zoning came into effect, where every single-family lot could accommodate a duplex, so that boded well for our cause.
If he had been allowed to build 10 or 12 homes on the property, he could have added more units at around the $1.75 million mark.
“Our homes are not cheap, and they are not cheap because we had to pay a lot of money for the land, and you pay a lot of money to build.
Mr. Chetner says he is keen on the idea of densifying expensive neighbourhoods, such as his own Kerrisdale neighbourhood, where first-time buyers with average incomes are typically shut out due to high prices.
But I think I’m also open to it, if it was done nicely and if the intent truly is to use our limited land mass of single-family housing on the west side – or the whole Lower Mainland, really, and make it more productive.
“So it’s a double-edged sword.