2406-2484 Renfrew Street
EPTA Development Corporation (EDC), in collaboration with Studio One Architecture, are exploring plans to deliver a mixed-use housing development at 2406-2484 Renfrew Street, under the City’s Moderate Income Rental Housing Pilot Program.
Epta Development Corporation “EDC” is pleased to present a proposal to redevelop the properties at 2406-2484 Renfrew Street, at the northeast corner of East Broadway and Renfrew Street, Vancouver. This project, subject to Vancouver Mayor & City Council approval, seeks to construct a 12-storey mixed-use rental building under the City’s Moderate Income Rental Housing Pilot Program (MIRHPP) and is comprised of market and moderate income rental homes and new retail at street level. The proposal will increase secured housing supply with the creation of 173 new homes for the community.
Situated at the corner of Broadway and Renfrew Street, the site will retain a retail presence along Broadway to support the existing businesses to the east, as well as the Broadway Tech Centre to the south. Combined with the residents of the building, the proposal will bring more life to this corner and support the community with more affordable rental housing options and renewed retail options.
The proposed site is approximately 35,000 square feet in size and encompasses the entire block along Renfrew Street between East 8th Avenue to the north and East Broadway to the south. The site is currently occupied with 6 single-family homes, and a single-storey office building occupying the southern-most lot. A lane runs through the rear of the properties, along the eastern portion of the site.
The proposal consists of a 12-storey building on the southern portion of the site fronting Broadway that includes a 6-storey podium that will extend along Renfrew Street.
The site is located approximately a 5-minute walk away from Renfrew Station, and will connect residents to centres of employment like Downtown or Broadway in under 30 minutes by transit. The Broadway Tech Hub is immediately south and will allow residents who work at the facility to have a less than 5-minute commute on foot.
The following is a detailed outline of the proposal:
|Site Area||35, 286 sq.ft.|
|Height||6-storey podium along Renfrew |
12-storey building at Broadway
|Total Homes||173 (100%)|
|3-bedroom apartments||12 homes (7%)|
|2-bedroom apartments||50 homes (29%)|
|1-bedroom apartments||70 homes (40%)|
|Studio apartments||41 homes (24%)|
|MIRHPP designated homes||approximately 35 homes (20% of floor area)|
|Family oriented homes||62 homes (36%)|
|Commercial Space||7,843 sq.ft.|
|Vehicle Parking||131 spaces|
|Bicycle Parking||322 spaces|
*FSR: Floor Space Ratio. Often called “density”, FSR is the number obtained by dividing the floor area of a building by its site area.
To download our preliminary architectural drawings, please click the button below.
If approved, the project will benefit the community through the creation of 173 secured, high quality rental housing units with emphasis on family housing (62 homes or 36%) two- & three-bedroom homes. Key benefits include:
Increased rental housing stock
The proposal offers more housing choices, with 173 new secured purpose-built rental homes of varying affordability levels (market and moderate-income homes).
Moderate income housing
20% of the proposed floor space (approximately 35 homes) will be made available at below market rents to households earning between $30,000 and $80,000 annually.
Access to transit
The property is a 5-minute walk away from Renfrew Station and is on a major arterial road, Broadway. The property is also within 100m of stops for bus routes 9, 16, and the 99 B-Line which further increase transportation options for residents.
Family oriented housing
The proposal will include more housing options for families with approximately 35% two and three-bedroom homes.
Enhanced public realm
The landscape and streetscape will be enhanced with the addition of new trees and landscape buffering, providing a pleasant pedestrian interface along the property.
The project will meet or exceed the City’s sustainability targets under the Green Building Policy for Rezonings.
The City of Vancouver is behind on its target for purpose-built market and below-market rental housing built in the city (Housing Vancouver Progress Report, 2020). Additionally, according to the Canada Mortgage and Housing Corporation (CMHC), there is a strong demand for rental housing across the City, as evidenced by the less than 1.1% vacancy rate in Vancouver, with Studios (Bachelor) seeing the lowest vacancy rates at an estimated 0.7% (CMHC Rental Market Report, 2020). A healthy and competitive vacancy rate is between 3% to 5%.
The proposal for 2406-2484 Renfrew Street is guided by the City’s Moderate Income Rental Housing Pilot Program (MIRHPP), which allows increased heights and density in exchange for a rental-only development, with 20% of floorspace dedicated to households earning between $30,000-$80,000. If approved, the project will contribute to the City’s success in making more affordable housing available in the city and will help the City reach its goal of 20,000 purpose-built rental homes by 2027.
|Current Zoning||Proposed Zoning|
|C-1 : Commercial Zoning & |
RS-1: One Family Dwelling
|CD-1: Comprehensive Development|
|FSR*: C-1 (1.2 FSR) & RS-1 (0.70 FSR)||FSR: 4.08|
*FSR is the ratio of a building’s total floor area to the area of land upon which it is built.
Additional policies applicable to the application include:
- C1 district Schedule and Guidelines
- Rental Incentive Programs Bulletin (2020)
- Housing Vancouver strategy (2017)
- Hastings Sunrise Community vision (2004)
- Family Room: Housing Mix Policy for Rezoning Projects (2016)
- High-Density Housing for Families and Children Guidelines (1992)
- Green Buildings Policy for Rezoning (2017)
- Urban Forestry Strategy (2014)
Frequently Asked Questions
EDC is pleased to collaborate with Studio One Architecture to deliver the proposal for 2406-2484 Renfrew Street.
EPTA DEVELOPMENT CORPORATION
EDC is a family-owned, progressive, vertically integrated award-winning real estate development firm and residential homebuilder, focused on creating innovative and successful communities. Epta is committed to supporting these communities through sustainable and authentic development practices.
Virtual Pre-Application Open House
Thank you to those who participated in our Virtual Pre-Application Open House between January 6 and January 20, 2021 for 2406-2484 Renfrew Street. We appreciate your feedback on our preliminary proposal for the property. If you have any further questions about the project, or would like to join our mailing list, please contact us directly at the email below.
If you’d like to contact us directly through email, please contact us at info@EDCRenfrew.com