View & Maple Phase II
Net Leasable Area
The site is comprised of four (4) vacant residential lots immediately adjacent to the Maple View Heights Apartments development. A preliminary site yield analysis supports a 55-unit apartment development, and Stream expects to advance a rezoning application with the City of Mission in early 2022.
The site is well-located on Highway 7 (“Lougheed Highway”) just west of downtown Mission, 64-kilometres east of the City of Vancouver and 8-kilometres north of the City of Abbotsford. The West Coast Express provides commuter rail service between Downtown Vancouver and Mission City on weekdays, with five trains per day in each direction: five in the morning to downtown Vancouver, and five in the evening to Mission. Mission City Station is located 900 metres (a 15-minute walk) from View & Maple.
The Fraser Valley is experiencing a record-setting housing boom as people opt to move from central urban cores to suburban locations and work from home in a larger space for the same or less money. Mission (pop. 38,833) is one of the fastest-growing cities in Western Canada with an average annual growth rate of 2.2% over the past five years, versus the provincial average of 1.8%. Yet, there is a limited inventory of rental units – just 445 in 2019 with an overall vacancy rate of 0.2% – one of the lowest rates in Metro Vancouver.
- Mission is one of the fastest-growing cities in Western Canada
- Site is 900 metres (15 min walk) from West Coast Express/Mission City Station
- Upon completion, Phase II will add 55 purpose-built rental units to Mission’s housing stock
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