Rendering of 5740 Cambie St

Lease opportunity: Multi-purpose social and cultural non-profit hub at 485 West 42nd Avenue (formerly 5740 Cambie Street)

What's happeningInterested in operating the new multi-purpose social and cultural non-profit hub?

We're seeking proposals from eligible non-profit organizations interested in operating this new social facility space.

Learn more about detailed submissions and eligibility criteria on VanApply

Latest updates and deadline extension

Refer to the VanApply help guide to navigate our system.

Key features

This 14,500 square-foot facility includes:

  • Office areas
  • Meeting rooms
  • Multipurpose programming spaces

The space does not include moveable furniture, audio-visual (AV), or specialized equipment.

Building features

The facility is part of a larger mixed-use development with a 14-storey market rental tower and a 27-storey market strata tower. 

The overall building includes:

  • 80 market rental units and 133 market strata units
  • Commercial retail space at ground level
  • Office space (including the non-profit space)
  • Underground parking and bicycle spaces

Set to open in spring 2026, the new social and cultural facility at 485 West 42nd  Avenue (formerly 5740 Cambie Street) is designed to be an affordable, shared multi-purpose hub for Vancouver-based, non-profit social and ethno-cultural organizations.

When completed, the space will be fully complete and finished, including the interior, ready for immediate use.

Centrally located community hub

This mixed-use building will be near other social amenities planned for this area including Oakridge Civic Centre, seniors centre, youth centre, library, and a park. It is also close to the Canada Line rapid transit station at Cambie and 41st Avenue.

Operating costs

In addition to a nominal $10 base rent for each 5-year term, review a summary of the facility’s operating costs based on 14,500 square feet:

Costs Per square foot per year Total per year
Base operating cost estimate $11 $159,500
Administration fee $2.07 $30,015
Building insurance fee $1.78 $25,810
Capital maintenance $11.90 $172,550
Total $26.75* $387,875

*We may offer a subsidy of up to $11.90 per square foot per year on the capital maintenance portion to shortlisted applicants based on assessed financial capacity. As such, total operating costs could range from either:

  • $14.65 per square foot per year (full subsidy) to $26.75 per square foot per year  (no subsidy)
  • $215,325 per year (full subsidy) to $387,875 per year (no subsidy) in total

Questions?