The City of Vancouver has received a rezoning application for 5680 Oak Street, the Petro Canada station at the corner of Oak Street and West 41st Avenue.

Project details:

• 26-storey condo tower
• 193 condo units
• 4,070 SF of ground-floor retail space
• 10.92 FSR density
• Building height of approximately 281 ft.
• Five levels of underground parking

Unit mix:

• 1 studio — avg. 492 sq. ft.
• 46 one-bedroom — avg. 521 sq. ft.
• 47 one-bedroom + den — avg. 641 sq. ft.
• 48 two-bedroom — avg. 820 sq. ft.
• 51 three-bedroom — avg. 981 sq. ft.

The application also proposes to amend the Vancouver Official Development Plan (ODP), adopted by Council on March 31, 2026, changing the site’s Generalized Land Use designation from Mixed-Use Mid-Rise to Mixed-Use High-Rise 1. The proposal is being considered under both the ODP and the Cambie Corridor Plan, which designates 13+ storey mixed-use towers for sites in this part of the corridor.

The site sits within walking distance of the Oakridge-41st Avenue Canada Line Station and the Oakridge Mall redevelopment, an area the City has identified as a key growth node along the Cambie Corridor as it transitions from low-rise commercial into a denser, transit-oriented district.

The architect for the project is MCM Architects.

Full application: https://www.shapeyourcity.ca/5680-oak-st

A 32-suite apartment building in North Vancouver’s Central Lonsdale neighbourhood has changed hands, with 1240 St. George Avenue — known as the Harvard Apartments — selling for $12,250,000.

The three-storey, wood-frame walk-up was built in 1970 and sits on an 18,077-square-foot corner lot with frontage on both St. George Avenue and East 13th Street, directly across from Lions Gate Hospital. The suite mix includes 10 bachelor units, 14 one-bedroom units, and 8 two-bedroom units, with underground parking and balconies. The property is zoned RM-1 for medium-density apartment residential use.

Deal snapshot:

• Sale price: $12,250,000
• Price per unit: $382,813
• Cap rate: 4.0%
• Building size: 32 units (10 bachelor, 14 one-bedroom, 8 two-bedroom)
• Lot size: 18,077 SF

Cushman Wakefield listed and sold the property.

View the original listing

Asia Standard has submitted a development application for a 19-storey condo/social housing building at 1394 Robson Street, at the northwest corner of Robson and Broughton in the West End.

The site is the former location of the Robsonstrasse Hotel, acquired by Asia Standard in July 2018 for $24,780,000. The current proposal replaces the 5-storey office and retail scheme submitted for the site in 2018, which contemplated 14,771 SF of retail, 9,966 SF of office and a density of just 2.86 FSR under the site’s existing C-6 zoning. The new application takes the site to the full density contemplated by the West End Community Plan.

Details of the proposal include:

• 19 storeys, with a two-storey commercial podium and a residential tower above;
• 72 condo units and 15 social housing units;
• 14 studios, 26 one-bedrooms, 26 two-bedrooms and 6 three-bedrooms;
• Commercial at grade and on the second level;
• A total density of 8.75 FSR, of which 1.20 FSR is dedicated to commercial use;
• A residential tower plate of 4,024 SF, below the 5,500 SF maximum set by the West End Community Plan;
• Site frontages of 66 ft on Robson Street and 124 ft on Broughton Street;
• Three levels of underground parking with vehicular access from the lane.

Residential entry is oriented to Broughton Street, with the commercial frontage and market residential entrances addressing Robson. Indoor and outdoor amenity space is proposed on top of the podium and within the podium and tower plates.

The architectural approach is described as a contextual response to the site’s position between the low-rise, brick-and-wood character of the West End and the glass-and-steel edge of Coal Harbour — a single uninterrupted rectangular mass with a repeating modular facade grid, clad in brick. The precedent projects cited are 520 Fifth Avenue and 130 William in New York.

The 2018 purchase price for the site equates to $327 per buildable SF based on the current application.

The architect for the project is Arcadis.

SALE SUMMARY

• Sale Price: $10,650,000
• Price Per Unit: $355,000
• Building Size: 30 units (13 bachelor, 14 one-bedroom, 3 two-bedroom)
• Lot Size: 12,981 SF

A 30-unit apartment building at 1025 Chilco Street in Vancouver’s West End has traded hands for $10,650,000, working out to $355,000 per unit. The three-storey, wood-frame walk-up was built in 1952 and sits on a 12,980.88 SF corner lot with frontage on both Chilco and Nelson Streets.

The building was originally brought to market by Marcus & Millichap at an asking price of $12,300,000, meaning the completed sale represents a discount of roughly 13% off the initial ask. Brandan Price of Rennie represented the Purchaser.

Zoned RM-5B (Multiple Dwelling) and located within the West End’s Low-Rise Residential land use designation, the site offers a mix of bachelor and one-bedroom suites with limited on-site parking (10 individual garage doors). The West End remains one of Vancouver’s most consistently active apartment submarkets, and this transaction adds another data point to the borough’s ongoing turnover of older rental stock.

A 16-storey office building at 1185 West Georgia Street in downtown Vancouver has sold for $74,000,000.

Sale Price: $74,000,000
Price per SF: $446
Cap Rate: Low 4%
Building Size: 165,855 SF
Lot Size: 17,424 SF

Built in 1984 on the northeast corner of West Georgia and Bute Streets, the tower includes 157 underground parking stalls and was multi-tenanted at the time of sale, with occupants including Crowe, Hub, PGL Environmental Consultants, and Allen McMillan. The property was approximately 40% vacant at time of sale.

The vendor, Toronto-based Allied Properties REIT. Allied has been actively selling assets over the past year in an effort to re-fortify its balance sheet, and the building was listed earlier this year. The buyer was Holborn group who owns the neighbouring Paradox Hotel.

At $446/SF, the sale prices well below the $814/SF Allied paid in 2022 — a roughly 45% decline over four years that reflects the broader repricing downtown Vancouver’s office sector has undergone amid elevated vacancy and Allied’s own well-documented balance sheet pressures, which included a billion-dollar writedown on property values and an accompanying billion-dollar net loss reported in its most recent quarter. Notably, BC Assessment valued the property at $60.1 million as of July 1, 2025, down from a prior assessed value of $81.3 million — putting the $74 million sale price almost exactly between the two.

The deal was brokered by Marcus & Millichap and RBC Capital Markets Real Estate Group.