17-year-old Marine Drive mansion could possibly be was 28 rental properties (PHOTOS)


A mansion constructed 17 years in the past on Southwest Marine Drive in Vancouver’s Southlands is being eyed for redevelopment.

Whereas this space is thought for being one in all Vancouver’s ultra-luxury mansion clusters, the proposed plan for the location isn’t for a good larger mansion however a multi-family advanced of rental housing.

As a substitute, the proponent for redeveloping 1890 Southwest Marine Drive is seeking to redevelop the 2005-built mansion on a one-acre lot into 4 new three-storey townhouse buildings — configured round a courtyard — with a complete of 28 secured market rental properties. This consists of seven studio/one-bedroom items, 5 two-bedroom items, and 16 three- or four-bedroom items.

The proposed whole flooring space of the redevelopment is 31,600 sq ft, plus an underground degree for twenty-four car parking stalls and 68 secured bike parking areas.

1890 Southwest Marine Drive Vancouver Rental Housing

Inventive rendering of the rental housing redevelopment of 1890 Southwest Marine Drive, Vancouver. (Stuart Howard Architects)

1890 Southwest Marine Drive Vancouver Rental Housing

Inventive rendering of the rental housing redevelopment of 1890 Southwest Marine Drive, Vancouver. (Stuart Howard Architects)

1890 Southwest Marine Drive Vancouver Rental Housing

Inventive rendering of the rental housing redevelopment of 1890 Southwest Marine Drive, Vancouver. (Stuart Howard Architects)

1890 Southwest Marine Drive Vancouver Rental Housing

Inventive rendering of the rental housing redevelopment of 1890 Southwest Marine Drive, Vancouver. (Stuart Howard Architects)

1890 Southwest Marine Drive Vancouver Rental Housing

Website plan of the rental housing redevelopment of 1890 Southwest Marine Drive, Vancouver. (Stuart Howard Architects)

1890 Southwest Marine Drive Vancouver Rental Housing

Website plan of the rental housing redevelopment of 1890 Southwest Marine Drive, Vancouver. (Stuart Howard Architects)

In distinction, the prevailing two-storey dwelling on the property has a complete flooring space of 4,300 sq ft, with three bedrooms, 5 bogs, a big recreation room, and an artist workshop studio. Its out of doors facilities embody an out of doors pool, a sizzling tub, and a tennis court docket.

The rancher villa-inspired structure, surrounded by lush landscaping, was designed by Formwerks. A pure stream cuts by means of the property.

It’s estimated the redevelopment might offering housing for as much as 50 individuals, versus the present configuration permitting for one household.

This property was beforehand offered for $6.54 million in 2015, after which for $10.8 million in 2017.

Final yr, beneath realtor Matt Gul, the itemizing value was $15.5 million for the redevelopment potential into market rental townhomes. The annual property tax invoice is at the moment $46,700.

1890 southwest marine drive vancouver mansion

Present luxurious dwelling at 1890 Southwest Marine Drive, Vancouver. (Matt Gul/RentYVR)

1890 southwest marine drive vancouver mansion

Present luxurious dwelling at 1890 Southwest Marine Drive, Vancouver. (Matt Gul/RentYVR)

1890 southwest marine drive vancouver mansion

Present luxurious dwelling at 1890 Southwest Marine Drive, Vancouver. (Matt Gul/RentYVR)

1890 southwest marine drive vancouver mansion

Present luxurious dwelling at 1890 Southwest Marine Drive, Vancouver. (Matt Gul/RentYVR)

The proprietor who purchased the property in 2017 subsequently determined to maneuver right into a waterfront dwelling in West Vancouver they purchased by means of Gul. Additionally they tasked him to place 1890 Marine Drive again into the market.

“On the time, I advised them that it was not even doable to interrupt even as a result of that they had simply bought the house. Nevertheless, I did some analysis and got here up with a plan — rezone the property beneath the inexpensive housing coverage, and enhance the property’s worth,” said Gul.

In line with BC Evaluation, the 2022 assessed worth of the property is $9.634 million, with $7.24 million for the land and $2.39 million for the construction. That is down from the 2018 evaluation of $10.336 million, however up from $8.77 million in 2021.

The rezoning software for the mansion’s redevelopment, designed by Stuart Howard Architects, falls beneath the Metropolis’s Inexpensive Housing Decisions Interim Rezoning Coverage.

This property can also be instantly south of the historic Casa Mia mansion at 1920 Southwest Marine Drive, which is at the moment present process a renovation and enlargement for its transformation right into a senior’s dwelling with 90 long-term care beds. The brand new Casa Mia operated by The Care Group is slated to achieve completion in Spring 2023.

Casa Mia’s redevelopment was permitted by Vancouver Metropolis Council in November 2017, simply months after 1890 Southwest Marine Drive was acquired by the present proprietor.

1890 southwest marine drive vancouver

Website of 1890 Southwest Marine Drive in Vancouver highlighted (crimson flag), with the development website of the Casa Mia’s conversion right into a seniors’ dwelling additionally proven. (Google Maps)

1890 southwest marine drive vancouver mansion

Present luxurious dwelling at 1890 Southwest Marine Drive, Vancouver. (Matt Gul/RentYVR)

1890 southwest marine drive vancouver mansion

Present luxurious dwelling at 1890 Southwest Marine Drive, Vancouver. (Matt Gul/RentYVR)

1890 southwest marine drive vancouver mansion

Present luxurious dwelling at 1890 Southwest Marine Drive, Vancouver. (Matt Gul/RentYVR)

1890 southwest marine drive vancouver mansion

Present luxurious dwelling at 1890 Southwest Marine Drive, Vancouver. (Matt Gul/RentYVR)

1890 southwest marine drive vancouver mansion

Present luxurious dwelling at 1890 Southwest Marine Drive, Vancouver. (Matt Gul/RentYVR)

1890 southwest marine drive vancouver mansion

Present luxurious dwelling at 1890 Southwest Marine Drive, Vancouver. (Matt Gul/RentYVR)

1890 southwest marine drive vancouver mansion

Present luxurious dwelling at 1890 Southwest Marine Drive, Vancouver. (Matt Gul/RentYVR)

1890 southwest marine drive vancouver mansion

Present luxurious dwelling at 1890 Southwest Marine Drive, Vancouver. (Matt Gul/RentYVR)

1890 southwest marine drive vancouver mansion

Present luxurious dwelling at 1890 Southwest Marine Drive, Vancouver. (Matt Gul/RentYVR)

1890 southwest marine drive vancouver mansion

Present luxurious dwelling at 1890 Southwest Marine Drive, Vancouver. (Matt Gul/RentYVR)

1890 southwest marine drive vancouver mansion

Present luxurious dwelling at 1890 Southwest Marine Drive, Vancouver. (Matt Gul/RentYVR)

1890 southwest marine drive vancouver mansion

Present luxurious dwelling at 1890 Southwest Marine Drive, Vancouver. (Matt Gul/RentYVR)

1890 southwest marine drive vancouver mansion

Present luxurious dwelling at 1890 Southwest Marine Drive, Vancouver. (Matt Gul/RentYVR)

1890 southwest marine drive vancouver mansion

Present luxurious dwelling at 1890 Southwest Marine Drive, Vancouver. (Matt Gul/RentYVR)

1890 southwest marine drive vancouver mansion

Present luxurious dwelling at 1890 Southwest Marine Drive, Vancouver. (Matt Gul/RentYVR)

1890 southwest marine drive vancouver mansion

Present luxurious dwelling at 1890 Southwest Marine Drive, Vancouver. (Matt Gul/RentYVR)

1890 southwest marine drive vancouver mansion

Present luxurious dwelling at 1890 Southwest Marine Drive, Vancouver. (Matt Gul/RentYVR)

1890 southwest marine drive vancouver mansion

Present luxurious dwelling at 1890 Southwest Marine Drive, Vancouver. (Matt Gul/RentYVR)

1890 southwest marine drive vancouver mansion

Present luxurious dwelling at 1890 Southwest Marine Drive, Vancouver. (Matt Gul/RentYVR)

1890 southwest marine drive vancouver mansion

Present luxurious dwelling at 1890 Southwest Marine Drive, Vancouver. (Matt Gul/RentYVR)



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