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555 W 49TH Avenue in Vancouver: Oakridge VW Home for sale in “Cambie Corridor Phase 3 Plan” (Vancouver West) : MLS®# R2278624

Posted by Aedis Realty on June 21, 2018
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Oakridge in South Vancouver

Oakridge Briefly

OakridgeIn the 2001 Census, the Oakridge multicultural neighborhood of the City of Vancouver in the Canadian Province of British Columbia had a population of 11,795, 50 percent of whom spoke Chinese as their first language. Oakridge is a geographic rectangle with Granville Street on the west border and Main Street on the east, West 41st Avenue marking the northern neighborhood border and West 57th Avenue the southern. Oak Street and Cambie Street, both busy roads, are also Oakridge north-south thoroughfares with lots of rush-hour traffic.

History

Until after the Second World War, Oakridge remained mostly in its natural, undeveloped, unimproved state except for the Langara Golf Course, which opened in 1926. Then development expanded into the wooded areas as the city’s Jewish community moved south along Oak Street, and the Canadian Pacific Railway opened its lands to development in the 1950s of single-family homes and the Oakridge Centre Mall, Vancouver’s first shopping centre, in 1959 at West 41st Avenue and Cambie Street as a business centre for the residential boom of bungalow homes. In later years larger low- and high-rise multifamily residences replaced many of these small homes.

Langara College, a campus of 21,000 students on the north fringe of the golf course off West 49th Avenue between Cambie and Main, commenced operations in 1994. These three developments, the golf course, the shopping mall, and the campus, are the foremost community features of Oakridge today enhanced by completion in August 2009 of the SkyTrain Canada Line along Cambie Street with stations at 41st and 49th avenues.

Oakridge Centre Redevelopment

Oakridge 2In March 2014, the Vancouver City Council approved a massive redevelopment plan for the Oakridge Centre Mall following a week of public hearings. The plan is for new affordable housing, new childcare spaces, a new community centre and library, a new seniors centre, and significant new park space, says the mayor. A joint venture of the mall ownership and developer Westbank Projects Corporation applied for rezoning for the redevelopment project. The developer expressed satisfaction with the council vote and rejected suggestions that there had been insufficient public consultation on the proposal.

Many residents support revitalization of the mall and Cambie Street, but many others say the new residential and business towers, one of 45 stories, are too much for the neighbourhood and will bring excessive density and aggravated traffic conditions despite the recent arrival of the SkyTrain, which plan opponents argue is already overcrowded.

The vertical redevelopment plan for Oakridge exemplifies how Canadian retail shopping malls these days must expand upwardly if at all, according to an August 2012 Toronto Globe and Mail newspaper article reporting that in Vancouver “the last regional malls were built in 1979” and that “Only two enclosed malls have been built in Canada since 1989.” There, development of new malls much more difficult than it is in the USA because of the lack of available land, the restrictions that Canadian cities impose on commercial space, and the demands of provincial highway ministries, and mall developers must be “creative and persistent” for their ambitions to succeed.

Information Links:

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

New Oakridge Live MLS Listings

555 W 49TH Avenue
Oakridge VW Vancouver V5Z 3G9

$6,500,000
Land Only

Main Photo: 555 W 49TH Avenue in Vancouver: Oakridge VW Home for sale in "Cambie Corridor Phase 3 Plan" (Vancouver West)  : MLS®# R2278624
Prop. Type:
Land Only
MLS® Num:
R2278624
Status:
Active
Prime development lot at corner of W 49th Ave and Ash Street. Half a block for the 49th Ave Skytrain station and Tisdale park across the street. Walking distance to Langara College & Langara Golf Course. Recently approved Cambie Phase 3 plan allows for 3 story townhouse (1.2 FSR). Potential land assembly or large enough lot to build directly.
Property Type:
Land Only
Taxes:
$8,322.04 / 2017
Lot Area:
9,334 sq. ft.
Lot Frontage:
71'10"
Lot Depth:
130.00
Water Supply:
Plan:
10803
Title to Land:
Freehold NonStrata
Tisdale Park
LOT 17 OF LOT B BLOCK 1008 DISTRICT LOT 526 PLAN 10803
Access to property:
Road Access
Cable Service:
On Property
Natural Gas:
Available
Electricity:
Available
Sanitary Sewer:
Available
Telephone Service:
On Property
Trees:
No
Storm Sewer:
Available
Potential for Rezoning:
Yes
Sketch Attached:
No
Restrictions:
Building, Development
Listed Date:
Previous Price:
Original Price:
  • Photo 1: 555 W 49TH Avenue in Vancouver: Oakridge VW Home for sale in "Cambie Corridor Phase 3 Plan" (Vancouver West)  : MLS®# R2278624
    Photo 1 of 2
  • Photo 2: 555 W 49TH Avenue in Vancouver: Oakridge VW Home for sale in "Cambie Corridor Phase 3 Plan" (Vancouver West)  : MLS®# R2278624
    Photo 2 of 2
Larger map options:
Listed by Oakwyn Realty Ltd.
Listing information last updated on June 12, 2018 at 12:20 AM (UTC)
Area Statistics
Listings on market:
24
Avg list price:
$5,800,000
Min list price:
$1,600,000
Max list price:
$33,000,000
Avg days on market:
53
Min days on market:
10
Max days on market:
164
These statistics are generated based on the current listing's property type and located in Vancouver West. Average values are derived using median calculations.
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