$6,500,000

80 Powell Street, Vancouver, BC V6A 1E7

MLS® C8081073

Description

80 Powell Street presents a rare opportunity to develop Gastown's first purpose-built hotel. Currently improved as a surface parking lot, the property has received a Prior-to Letter from the City of Vancouver for a proposed 13-storey boutique hotel with a publicly accessible rooftop restaurant, representing a significant milestone in the development approval process. The proposed design references the site's historic CPR railway alignment while complementing Gastown's heritage character through contemporary architecture and a thoughtfully recessed, double-height ground floor that enhances the pedestrian experience. The rooftop restaurant is envisioned as a signature destination offering panoramic views of the downtown waterfront, Burrard Inlet, and the North Shore Mountains. The project presents a compelling opportunity for developers and owner-operators to deliver a landmark hospitality destination in one of Vancouver's most supply-constrained hotel markets.

Property

Property type

Land

Ownership

Freehold

Costs

Annual property tax

$9,686

Tax year

2,026

Location

Area

Vancouver East

Neighbourhood

Downtown VE

Waterfront

No