Ascott Wynde - Development Opportunity

A rare opportunity to acquire over 3 Acres in Richmond, British Columbia’s premier community – Brighouse Village. Ascott Wynde (8880 Cook Road and 8751 Citation Drive) is currently improved with two three-storey wood frame residential buildings constructed in circa 1977, totaling 102 legal strata lots. 8880 Cook Road and 8751 Citation Drive is situated on a total of 3.43 acres with direct exposure onto Garden City Road and Cook Road. With close proximity to the Richmond Brighouse Canada Line Station and Richmond Centre, the Property is strategically placed to benefit with the continued growth of Richmond’s affl  uent Brighouse Village. Prominently located within Richmond’s City Centre, and designated as General Urban T4 – within the Brighouse Village Land Use Plan, the Property poises a strong opportunity for redevelopment through Richmond’s adopted City Centre Area Plan (CCAP), which promotes growth for sustainable urban development. Under the City of Richmond’s Official Community Plan – Brighouse Village Land Use Plan for General Urban T4 – the Property holds potential in attaining a maximum FAR of 1.2 for a mixed-use development with the residential component allowing for High-Density Townhouses.