Modification Conditions – 4339-4387 Cambie Street
Motion 48 · Council Meeting, July 29, 2026
Summary
- This report proposes two amendments to the conditions of enactment for a previously approved (May 2026) rezoning of 4339–4387 Cambie Street and 506 West 27th Avenue, which allows a nine-storey, 148-unit strata mixed-use building near the Cambie Corridor.
- The first change revises the Community Amenity Contribution (CAC) calculation: if the by-law is enacted within 24 months of this approval, the CAC drops from $4,000,000 to $1,950,000, incentivizing timely project delivery; if delayed, the CAC increases by $250,000 every three months, returning to the original $4,000,000 cap at approximately 48 months.
- The second change enhances protections for the four existing rental tenants on the site, who are not eligible for right of first refusal to return since the new building will be strata, not rental.
- Enhanced tenant supports include individualized housing search assistance, targeting replacement housing at no more than 20% below city-wide average rents, with additional supports for low-income tenants, seniors, and others facing housing barriers.
- Development Cost Levies and the public art contribution secured at the original approval remain unchanged regardless of the CAC timing.
- Staff recommend approval, noting the changes support project viability in challenging market conditions while strengthening tenant protections.
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