$100M acquisition of 26 single-family houses in East Vancouver land assembly | Daily Hive

$100-million acquisition of 26 single-family house lots in East Vancouver for transit-oriented development land assembly

Sightline Properties' land assembly of 2528 Kaslo Street, 2808-2888 East Broadway, 2580 Kaslo Street, and 2813-2881 East 10th Avenue, Vancouver. (Google Maps)

A potential future high-density, transit-oriented development site in East Vancouver has been assembled by local developer Sightline Properties.

A total of 26 single-family lots were recently snapped up by the developer on the city block framed by East Broadway to the north, Kaslo Street to the west, East 10th Avenue to the south, and the laneway west of Renfrew Street to the east. This southeasternmost lot of this land assembly is located just a three-minute walk north of SkyTrain’s Renfrew Station.

Daily Hive Urbanized contacted Sightline Properties for comment in March 2025 but did not receive a response. A follow-up inquiry was also made earlier this week.

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Altogether, the 26 lots span about 124,500 sq. ft. or 2.86 acres of land area, with 13 lots fronting East Broadway and the remaining 13 fronting East 10th Avenue. The acquisitions are bisected by an east-west laneway.

These properties are addressed as 2528 Kaslo St. and 2808-2888 East Broadway for the northern parcels, and 2580 Kaslo St. and 2813-2881 East 10th Ave. for the southern parcels.

Sightline Properties’ land assembly of 2528 Kaslo Street, 2808-2888 East Broadway, 2580 Kaslo Street, and 2813-2881 East 10th Avenue, Vancouver. (Google Maps/Daily Hive)

Retrieved records show 14 of these properties were acquired in December 2024, and seven properties were acquired as recently as February 2025.

As of July 2024, according to BC Assessment, these properties carried a total assessed value of approximately $53.3 million, with 15 of the properties assessed at below $2 million. The lowest assessed properties are generally older single-storey bungalows. For instance, the lowest assessment of $1.73 million belongs to a 1940-built bungalow, the oldest property in the land assembly.

The majority of the properties are older than four decades, with three properties built in the 1940s and another three in the 1950s.

A number of “Vancouver Special” houses are also in this land assembly mix.

The newest properties in the land assembly are three houses built in the 2010s, including a 2017-built house.

The combined sale prices of all 26 lots, which were sold independently over different periods of time and market conditions, came to about $100.4 million — nearly twice the tally of the latest assessed values. Retrieved records show the sale prices range between $1.73 million and $5.8 million, with five properties exceeding $5 million.

Sightline Properties’ land assembly of 2528 Kaslo Street, 2808-2888 East Broadway, 2580 Kaslo Street, and 2813-2881 East 10th Avenue, Vancouver. (Google Maps)

The scale of this single-family lot assembly is reminiscent of the type of activity that previously occurred in the Cambie Corridor in the late 2000s and throughout the 2010s, although not necessarily at the same price points.

But the prices, as much as up to more than twice the assessed value in some cases, do hint at the possibility of future high-density development.

In Summer 2025, Vancouver City Council is expected to review and consider the approval of the Rupert and Renfrew Station Area Plan — a high-density, transit-oriented land use plan for the general area anchored by SkyTrain’s Rupert Station and Renfrew Station. The area plan is roughly framed by Parker Street to the north, Kamloops Street to the west, East 27th Street to the south, and Boundary Road to the east.

Although it has attracted far less public attention to date, this forthcoming area plan is comparable to past City-led planning initiatives such as the Cambie Corridor Plan, Broadway Plan, Grandview-Woodland Plan, West End Plan, and others.

As can be expected, the highest permitted building densities and heights would be located closest to the two stations, including the land assembly by Sightline Properties. Both stations also have provincially legislated Transit-Oriented Area designations that enable greater residential uses.

According to the draft area plan that was first revealed in June 2024 for public consultation, and subsequently slightly revised in February 2025, Sightline Properties’ would have prescriptions and stipulations enabling high-rise residential towers of between 29 storeys and 45 storeys, and floor area ratio (FAR) densities of 7.0 to up to 10.5. The greatest density and height allowances would be allocated to 100 per cent social housing uses or market rental housing projects with a below-market rental housing component, while the lowest allowances would be for strata market condominium ownership uses.

The area plan would stipulate a variety of mixed-use options for these sites, including retail, restaurant, and office spaces. Ground-level retail/restaurant uses would be mandated to foster street-level activity and vibrancy around the station, while also meeting the everyday needs of the increased residential population.

sightline properties kaslo east broadway renfrew

February 2025 revised draft Rupert and Renfrew Station Area Plan, with Sightline Properties’ land assembly site highlighted in red. (City of Vancouver/Daily Hive)

Immediately to the east of Sightline Properties’ site, construction is now approaching full completion on Renfrew Village (formerly named as Renfrew Apartments) — two eight-storey, mixed-use buildings with 184 secured purpose-built rental homes by local developer The Molnar Group (TMG). Leasing has begun for these new homes, with the below-market rental units already filled.

Renfrew Village also features retail/restaurant units along the ground level, activating the lengths of the buildings that front Renfrew Street — the pedestrian route toward Renfrew Station.

Renfrew Village was the first project to be approved under the City’s Moderate Income Rental Housing Pilot Program (MIRHPP) in late 2019.

And just to the north of Renfrew Village is the separate four-storey, mixed-use Renfrew Quarters building that recently reached completion with 37 rental homes and ground-level retail/restaurant space.

2603-2655-2543-2583 Renfrew Street Vancouver

Artistic rendering of Renfrew Village at 2543-2583 Renfrew Street (North Building) and 2603-2655 Renfrew Street (South Building), Vancouver. (WA Architecture/The Molnar Group)

LaSalle College Vancouver 2710 Kaslo Street

Artistic rendering of the new campus of LaSalle College Vancouver at 2710 Kaslo Street. (LaSalle College)

In stark contrast, instead of the eight-storey buildings that now exist for Renfrew Village and the four-storey building of Renfrew Quarters, the draft area plan would enable towers up to 45 storeys for both sites, with the same prescriptions and stipulations as the Sightline Properties’ site.

Just to the south, TMG also developed the new office complex of The Kaslo at Renfrew Village, which is now approaching full completion. This two-building, seven-storey office project features 218,000 sq. ft. of office space, with half of the complex pre-leased as the new expanded home of La Salle College.

And just further up the hill at the northeast corner of the intersection of Renfrew Street and East Broadway, a 14-storey, mixed-use rental housing tower with 179 units — also under the MIRHPP — by Epta Corporation is approved. Under the draft area plan, this site would be able to pursue building heights of up to between 22 and 40 storeys, depending on the uses.

Further to the east, immediately next to Rupert Station, First Nations-owned MST Development Corporation and Aquilini Development are proposing to redevelop the 10-acre former BC Liquor distribution warehouse into up to a dozen mixed-use towers reaching up to 60 storeys. If approved, these new towers could potentially become some of the city of Vancouver’s new tallest buildings, exceeding the current tallest buildings in downtown Vancouver.

2406-2484 Renfrew Street Vancouver rental housing tower

2023 artistic rendering of the rental housing complex at 2406-2484 Renfrew Street, Vancouver. (Studio One Architecture/Epta Corporation)

A preliminary concept for the former BC Liquor warehouse redevelopment at 3200 East Broadway, Vancouver, next to Rupert Station. (MST Development/Aquilini Development)

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