Two huge mansion properties about five blocks apart on Granville Street in Vancouver’s Shaughnessy neighbourhood could be redeveloped into townhouse projects.
4574 Granville Street
Stuart Howard Architects has submitted a rezoning application to the municipal government to replace a 1953-built mansion at 4574 Granville Street into a 3.5-storey townhouse redevelopment with 21 stacked homes for secured market rental.
More than half of the units will have three bedrooms, making the project highly family-oriented.
The existing mansion – wedged by a mansion occupied by the Vancouver Hospice Society to the south and another mansion to the north – occupies a 17,500-sq-ft area, which would give the proposed 23,000-sq-ft townhouse project a floor space ratio (FSR) density of 1.3 FSR.
The project proposes one underground level with 32 vehicle parking spaces and 32 bicycle parking spaces.
In contrast, the single-family mansion has a floor area of 6,585 sq. ft., with six bedrooms, three washrooms, a large recreation room with wet bar, and a “park-like” private backyard with a large outdoor pool.
3998 Granville Street
Just five blocks north at the southeast corner of the intersection of Granville Street and Laurier Street, a 1955-built mansion that was recently renovated into an award-winning modern contemporary residence is listed for sale for $37.8 million for its redevelopment potential into townhouses.
It is one of most expensive homes for sale in Canada.
According to the listing for 3998 Granville Street, the property is “ready and awaiting” a permit application to increase its allowable density to 2.5 FSR. With the large 20,000-sq-ft site, it is estimated up to 50,000 sq. ft. of townhouses could be built on the site.
This mansion has a floor area of 5,350 sq. ft., with four bedrooms and two washrooms.
Townhouses and other infill housing are increasingly being built on non-heritage residences in the Shaughnessy neighbourhood, with City policies protecting properties built before 1940. If the redevelopments of these two mansions proceed, it could accelerate townhouse development in the area.
One of the largest townhouse projects in the area is The Crescent on McRae, located on the southeast corner of the intersection of Granville Street and West 16th Avenue.
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