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. The project features:

  • 99-year land lease via Vancity
  • 54 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 2024

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 
  • Social equity investments by Catalyst and Vancity

Total Project Cost:

$ 19.9 M

Rental Applications Begin:

Fall 2023.

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Catalyst ensured that Semiahmoo House Society’s mission has not strayed in our partnerships with funders and navigated us through the complexities of developing an innovative housing project.

Doug Tennant

Executive Director

Semiahmoo House Society

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