17-year-old Marine Drive mansion could be turned into 28 rental units (PHOTOS)

A 17-year-old mansion on Southwest Marine Drive in Vancouver’s Southlands is in the process of being redeveloped.

Although this area is known for being one of Vancouver’s clusters of ultra-luxurious mansions, the proposed plan for the site is not an even larger mansion, but a multi-family rental housing complex.

Instead, the developer of the 1890 Southwest Marine Drive redevelopment is looking to redevelop the 2005-built mansion on a one-acre lot into four new three-story townhouse buildings – configured around a courtyard – with a total of 28 secure rental units. This includes seven studio/one-bedroom units, five two-bedroom units, and 16 three- and four-bedroom units.

The total floor area proposed for the redevelopment is 31,600 square feet, plus an underground level for 24 vehicle parking spaces and 68 secure bicycle parking spaces.

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

1890 Southwest Marine Drive Vancouver Rental Housing

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

1890 Southwest Marine Drive Vancouver Rental Housing

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

1890 Southwest Marine Drive Vancouver Rental Housing

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

1890 Southwest Marine Drive Vancouver Rental Housing

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

1890 Southwest Marine Drive Vancouver Rental Housing

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

By contrast, the existing two-story home on the property has a total area of ​​4,300 square feet, with three bedrooms, five bathrooms, a large recreation room, and an artist’s studio. Its outdoor facilities include an outdoor swimming pool, hot tub and tennis court.

The architecture inspired by the rancher’s villa, surrounded by lush landscaping, was designed by Formwerks. A natural stream crosses the property.

It is estimated that the redevelopment could provide accommodation for up to 50 people, as opposed to the current layout allowing for a single family.

This property had already been sold for 6.54 million dollars in 2015, then for 10.8 million dollars in 2017.

Last year, under real estate agent Matt Gul, the listing price was $15.5 million for the market’s rental townhome redevelopment potential. The annual property tax bill is currently $46,700.

1890 southwest marine drive vancouver mansion

Existing luxury home at 1890 Southwest Marine Drive, Vancouver. (Matt Gul/RentYVR)

1890 southwest marine drive vancouver mansion

Existing luxury home at 1890 Southwest Marine Drive, Vancouver. (Matt Gul/RentYVR)

1890 southwest marine drive vancouver mansion

Existing luxury home at 1890 Southwest Marine Drive, Vancouver. (Matt Gul/RentYVR)

1890 southwest marine drive vancouver mansion

Existing luxury home at 1890 Southwest Marine Drive, Vancouver. (Matt Gul/RentYVR)

The owner who purchased the property in 2017 later decided to move into a waterfront home in West Vancouver that he purchased through Gul. They also tasked him with bringing 1890 Marine Drive back to market.

“At the time, I told them that it wasn’t even possible to break even because they had just bought the house. However, I did some research and came up with a plan – to rezone the property as part of the affordable housing policy and increase the value of the property,” Gul said.

According to BC Assessment, the property’s assessed value in 2022 is $9.634 million, including $7.24 million for the land and $2.39 million for the structure. That’s down from the 2018 valuation of $10.336 million, but up from the $8.77 million in 2021.

The rezoning application for the redevelopment of the mansion, designed by Stuart Howard Architects, falls under the city’s Interim Affordable Housing Choice rezoning policy.

This property is also immediately south of the historic Casa Mia mansion at 1920 Southwest Marine Drive, which is currently undergoing renovations and expansion for conversion into a seniors’ residence with 90 long-term care beds. duration. The new Casa Mia operated by The Care Group is expected to be completed in spring 2023.

The Casa Mia redevelopment was approved by Vancouver City Council in November 2017, just months after the current owner acquired 1890 Southwest Marine Drive.

1890 southwest marine drive vancouver

The site at 1890 Southwest Marine Drive in Vancouver is highlighted (red flag), along with the construction site for the conversion of Casa Mia into a seniors’ residence. (Google Maps)

1890 southwest marine drive vancouver mansion

Existing luxury home at 1890 Southwest Marine Drive, Vancouver. (Matt Gul/RentYVR)

1890 southwest marine drive vancouver mansion

Existing luxury home at 1890 Southwest Marine Drive, Vancouver. (Matt Gul/RentYVR)

1890 southwest marine drive vancouver mansion

Existing luxury home at 1890 Southwest Marine Drive, Vancouver. (Matt Gul/RentYVR)

1890 southwest marine drive vancouver mansion

Existing luxury home at 1890 Southwest Marine Drive, Vancouver. (Matt Gul/RentYVR)

1890 southwest marine drive vancouver mansion

Existing luxury home at 1890 Southwest Marine Drive, Vancouver. (Matt Gul/RentYVR)

1890 southwest marine drive vancouver mansion

Existing luxury home at 1890 Southwest Marine Drive, Vancouver. (Matt Gul/RentYVR)

1890 southwest marine drive vancouver mansion

Existing luxury home at 1890 Southwest Marine Drive, Vancouver. (Matt Gul/RentYVR)

1890 southwest marine drive vancouver mansion

Existing luxury home at 1890 Southwest Marine Drive, Vancouver. (Matt Gul/RentYVR)

1890 southwest marine drive vancouver mansion

Existing luxury home at 1890 Southwest Marine Drive, Vancouver. (Matt Gul/RentYVR)

1890 southwest marine drive vancouver mansion

Existing luxury home at 1890 Southwest Marine Drive, Vancouver. (Matt Gul/RentYVR)

1890 southwest marine drive vancouver mansion

Existing luxury home at 1890 Southwest Marine Drive, Vancouver. (Matt Gul/RentYVR)

1890 southwest marine drive vancouver mansion

Existing luxury home at 1890 Southwest Marine Drive, Vancouver. (Matt Gul/RentYVR)

1890 southwest marine drive vancouver mansion

Existing luxury home at 1890 Southwest Marine Drive, Vancouver. (Matt Gul/RentYVR)

1890 southwest marine drive vancouver mansion

Existing luxury home at 1890 Southwest Marine Drive, Vancouver. (Matt Gul/RentYVR)

1890 southwest marine drive vancouver mansion

Existing luxury home at 1890 Southwest Marine Drive, Vancouver. (Matt Gul/RentYVR)

1890 southwest marine drive vancouver mansion

Existing luxury home at 1890 Southwest Marine Drive, Vancouver. (Matt Gul/RentYVR)

1890 southwest marine drive vancouver mansion

Existing luxury home at 1890 Southwest Marine Drive, Vancouver. (Matt Gul/RentYVR)

1890 southwest marine drive vancouver mansion

Existing luxury home at 1890 Southwest Marine Drive, Vancouver. (Matt Gul/RentYVR)

1890 southwest marine drive vancouver mansion

Existing luxury home at 1890 Southwest Marine Drive, Vancouver. (Matt Gul/RentYVR)

1890 southwest marine drive vancouver mansion

Existing luxury home at 1890 Southwest Marine Drive, Vancouver. (Matt Gul/RentYVR)

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