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7688 CAMBIE Street in Vancouver: Marpole House for sale (Vancouver West) : MLS® # R2176760

Posted by Aedis Realty on August 21, 2017
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Marpole in South Vancouver

Down by the River and the Airport

Marpole 2 Marpole is a mostly residential neighbourhood of 23,832 inhabitants reported in the 2011 Census on the southern edge of the City of Vancouver, British Columbia, northeast of Vancouver International Airport on Sea Island across the Fraser River. Approximate borders are Angus Drive on the west, 57th Avenue on the north, Ontario Street on the east and the river on the south. Immigration has been an important demographic in this neighbourhood. In 2006, 42 percent of Marpole residents were ethnically Chinese, 37 percent spoke Chinese as their native language, and 59 percent were foreign born. Marpole has a lower median household income and a higher share of low- income residents than Vancouver overall. Within Marpole, 32 per cent of renters spend more than a third of their income on housing. Most of the 4,000 units of relatively affordable rental housing date from before 1975.

Some History

Richard Marpole, for whom in 1916 residents of the small town of Eburne Station on the river renamed it in his honor, was General Superintendent of the Canadian Pacific Railway Pacific Division in Vancouver in the early 1900s. The coming of the Canadian Pacific to Vancouver triggered development of sawmills, shingle mills, and gravel companies in the region. By 1929, when it became part of the City of Vancouver, Marpole was a industrial centre. Construction over the river in 1957 of the Oak Street Bridge to Richmond, Delta, Surrey, and the USA border and in 1975 of the Arthur Laing Bridge to the airport has catalyzed many changes and intensified traffic and development.

Economic Development

Marpole 3Most Marpole trade stores and services are toward the southern end of Granville Street. Small corner shops cluster around Oak Street and 67th Avenue and Cambie Street and 57th Avenue. Some big box stores, manufacturers, and distributors are on Marine Drive east of the Arthur Laing Bridge; some heavy industry operates along the bank of the river.

Another large Marpole commercial district will be in the eastern part of the neighbourhood around Marine Drive and Cambie Street. The City of Vancouver has designated this area as the Marine Landing Precinct and approved for construction two residential high-rise towers, an office tower, 11 movie theatres, and a major grocery store.

Information Links:

http://marpoleonline.com/
http://vancouver.ca/green-vancouver/marpole.aspx http://www.marpoleoakridge.org
http://vancouver.ca/home-property-development/marpole-community-plan.aspx

New Community Plan for Marpole Future

Marpole 1In April 2014, Vancouver’s City Council unanimously approved a new Marpole community plan following a public hearing with most attending residents in favor. The new plan revamped last year’s proposal, which stalled over complaints that the city pushed for unnecessary and excessive density. City planners had proposed to rezone a large area of single-family residences dwellings for multifamily housing. The new, approved plan leaves 85 percent of present single-family areas unchanged. Most growth will be near major streets and transit stops with new townhomes in some single-family areas. The plan has four main themes: (1) encourage growth but respect neighbourhood character, (2) keep housing affordable, (3) improve transportation, and (4) add and enhance community amenities.

According to plan specifics, by 2041 there would be 835 new market rental units, 6,800 new market homes, upgrades to five parks, three new parks with a 10-acre sanctuary along the river, upgrades to the library and community centre, and 478 new child care spaces. So proceeds life in Marpole as the government attempts to moderate the forces of the market economy.

New Marpole Live MLS Listings

7688 CAMBIE Street
Marpole Vancouver V6P 3H7

$9,999,000
Residential Detached beds: 6 baths: 4.0 4,566 sq. ft. built: 1957

Main Photo: 7688 CAMBIE Street in Vancouver: Marpole House for sale (Vancouver West)  : MLS® # R2176760
Prop. Type:
Residential Detached
MLS® Num:
R2176760
Status:
Active
Bedrooms:
6
Bathrooms:
4
Year Built:
1957
The lot is located at phase 2 development area of Cambie corridor. Plan suggests 6 storeys mid-rise development. 4 self-contained units generate $5,000 in income per month. Great holding and development potential. Sold as is. Also can be sold together with adjacent lot as part of land assembly. Potential FSR 2.5-2.75 as per comparable lisitings
Property Type:
Residential Detached
Dwelling Type:
House/Single Family
Home Style:
Year built:
1957 (Age: 60)
Total area:
4,566 sq. ft.
Total Floor Area:
4,566 sq. ft.
Price Per SqFt:
$2,189.88
Total unfinished area:
0 sq. ft.
Main Floor Area:
2,546 sq. ft.
Floor Area Above Main:
0 sq. ft.
Floor Area Below Main:
0 sq. ft.
Basement Area:
2,020 sq. ft.
Finished Levels:
2.0
Rainscreen:
Bedrooms:
6 (Above Grd: 6)
Bathrooms:
4.0 (Full:4/Half:0)
Kitchens:
2
Rooms:
11
Taxes:
$11,620.72 / 2017
Lot Area:
8,499.6 sq. ft.
Lot Frontage:
72'
Lot Depth:
118.05
Rear Yard Exposure:
Outdoor Area:
Patio(s)
Water Supply:
Plan:
VAP9322
Heating:
Construction:
Foundation:
Basement:
Full, Fully Finished
Roof:
Floor Finish:
Fireplaces:
0
Parking:
Parking Total/Covered:
4 / 2
Parking Access:
Exterior Finish:
Title to Land:
Freehold NonStrata
Suite:
Floor
Type
Size
Other
Main
Main
Main
Main
Main
Main
Below
Below
Below
Below
Below
Floor
Ensuite
Pieces
Other
Main
Main
Below
Below
Central Location, Shopping Nearby
PL VAP9322 LT 6 BLK O DL 323 LD 36
Dist to Public Trans:
Property Disclosure:
Fixtures Leased:
Fixtures Removed:
Services Connected:
Community, Electricity, Water
Listed Date:
Previous Price:
Original Price:
  • Photo 1: 7688 CAMBIE Street in Vancouver: Marpole House for sale (Vancouver West)  : MLS® # R2176760
    Photo 1 of 1
Century 21 In Town Realty
Listing information last updated on 31-Jul-2017 10:23 PM
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