5590 Victoria Drive

5590 Victoria Drive, Vancouver, BC

Image: City of Vancouver Archives

Located in the City of Vancouver within the Kensington Cedar Cottage Neighbourhood in East Van, this 6-storey building is a partnership with Vancity – a values-based financial cooperative. The project features:

  • 99-year land lease via Vancity
  • 43 rental homes
  • Approximately 5,000 square feet of commercial space to accommodate a new Vancity branch on a high profile corner
  • Approximately 2,000 square feet of additional retail space
  • Anticipated completion: winter 2023 

Status:

In Pre-Construction

Partners:

Catalyst Role:

Developer, Co-Owner and Co-Operator

Affordability:

  • 100% of homes offered at below market rents

Financial Information:

  • Land contributed by Vancity on long-term lease
  • Social equity investments by Catalyst and Vancity

Total Project Cost:

$20.2M

Rental Applications Begin:

Fall 2023.

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