Marpole Lowrise Site Sells in $24 Million Deal

An assembly of five residential lots at Oak and West 64th in Marpole has sold to Century Eternal Group for $24,126,888, or $345 per buildable SF. The five lots comprise 250 feet of frontage on Oak with a combined site area of 28,307.5 SF.

The Marpole Community Plan designates these lots for development for multi-family residential up to 6-storeys and 2.50 FSR density.

The buyer had previously secured the seven lots to the South of the property in June 2017. The combined twelve lot assembly comprises 68,309 SF.