Metro Vancouver is bracing for a new storm system with Environment Canada issuing two weather alerts, warning of “significant” waves and an arctic outflow with temperatures plunging to -20°C. Elevated ocean water levels are expected along Metro Vancouver shorelines, particularly in areas like Stanley Park, University of British Columbia, Kitsilano, Richmond, and Delta. The northwest winds are likely to impact locations more strongly, with sections of the seawall possibly closing for safety. The Vancouver Board of Parks and Recreation is closely monitoring weather patterns, and the public is urged to respect closures and stay away from the water’s edge during surges. The arctic outflow warning extends to various regions, posing a risk of frostbite and hypothermia as wind chill values drop to -20°C.
Photo by Axel Antas-Bergkvist on UnsplashKits Point
Approved Kitsilano development project for single-family houses listed for $15.5 million
A redevelopment project in Kitsilano Point, approved in April 2023, is now on the market for $15.5 million. The property, located at 1000 Cypress Street, currently features a 1972-built apartment building with eight units. The approved development plan, designed by Formwerks Architectural, involves constructing three luxury single-family houses on the 14,256 sq ft lot. The houses will have a combined total floor area of nearly 11,000 sq ft, with the potential for alternate development plans, such as a multi-unit development, two larger single-family houses, or one large mansion. The existing building, if retained, could generate an estimated $170,000 in net income annually based on market rental rates. The property’s assessed value as of July 2023 is $14.654 million.