A three-storey mixed-use building at 2231–2245 Granville Street in South Granville has sold for $9,669,021, representing $776 per square foot on the building.

The property was held by the original developer since its construction in 1980 — a tenure of approximately 46 years. It was listed by NAI Commercial at $12,500,000 before being reduced to $10,999,000, and ultimately traded at a further discount after approximately nine months on market.

DETAILS:

• Sale price: $9,669,021
• Price per SF: $776
• Building size: 12,464 SF
• Lot size: 7,200 SF (60′ x 122′)
• Zoning: C-3A
• Year built: 1980
  
  

The building sits on the west side of Granville Street, one lot north of West 7th Avenue, within the Granville/Burrard Slopes Broadway Plan area (Area D). Under the Broadway Plan, the site is eligible for rezoning to up to 25 storeys and an 8.0 FSR, subject to site conditions and protected public view corridors.

The building includes a split-level retail component totalling 6,441 SF leased to six tenants — Macao Imperial Tea, Vancouver Fine Art Gallery, Future Fade Barbershop, Voka Deka Esthetics Salon, Vean Tattoo, and Petley Jones Gallery — along with four one-bedroom residential units on the upper floor ranging from 817 to 904 SF. The property is located approximately 200 metres from the future South Granville SkyTrain station at Broadway and Granville.

Conor Finucane of NAI Commercial acted as the listing broker.

A 14-suite apartment building in North Vancouver’s Lower Lonsdale neighbourhood has sold for $4,700,000, or $335,714 per unit, at a 4.0% cap rate.

Details:

• Sale price: $4,700,000
• Price/unit: $335,714
• Cap rate: 4.0%
• Units: 14 (10 two-bedroom, 4 one-bedroom)
• Lot size: 6,534 SF
• Year built: 1954
• Sale date: May 2026

Known as Stanita Court, the property is a three-storey-plus-penthouse wood-frame building constructed in 1954, situated on a 6,534 square foot lot with 50 feet of frontage on East 6th Street. The unit mix comprises 10 two-bedroom suites and 4 one-bedroom suites. The building includes four surface parking stalls and owner-operated shared laundry.

The property is zoned CD-316 and designated Residential Level 6 under the City of North Vancouver’s Official Community Plan, located in the Lower Lonsdale submarket.

The property was listed and sold by Goodman Commercial.

A development application is advancing through West Vancouver’s approval process that would redevelop the former Trolls Restaurant site at the corner of Bay Street and Royal Avenue in Horseshoe Bay. The proposal calls for a five-storey mixed-use building featuring ground-floor retail, 42 hotel rooms, and a rooftop amenity space — the first significant new visitor accommodation proposed for the village in recent memory.

The applicant, KM 8 Canada Holding Ltd. (represented by Northwest Realty Inc.), is seeking an OCP amendment and rezoning of three consolidated lots at 6408–6418 Bay Street. The combined site totals approximately 18,300 SF and is currently zoned C1. The proposed FAR is 2.4, with a building height of 19 metres and a total gross floor area of roughly 43,000 SF.

The Proposal

The ground floor is designed to activate the Bay Street and Royal Avenue streetscape, anchored by a corner restaurant with operable storefronts opening to the sidewalk. The Spirit Gallery, which currently operates on the site, is envisioned to continue in the western retail bay. A café on the Royal Avenue frontage would serve both hotel guests and the public, with the hotel lobby positioned between the two.

Levels two and three house 33 standard hotel rooms, each with a private balcony and views toward the bay or the landscaped second-floor deck. Level four steps back to reduce massing and contains nine suites — five one-bedroom and four two-bedroom units — designed for flexible short- and longer-term stays. A partial fifth floor provides a rooftop amenity space intended to be open to the community for events and gatherings.

Underground parking provides 43 spaces via lane access off Little Bay, with one additional accessible space at grade for a total of 44 stalls. The zoning bylaw would typically require 66 spaces; staff are supporting a reduction based on the site’s walkability, proximity to transit and the ferry terminal, and a shared parking strategy.

The architect is Yamamoto Architecture Inc., with M2 Landscape Architecture handling landscape design. The building’s exterior expression features cantilevered balconies, board-formed concrete, wood shingles, and fabric awnings.

Status

West Vancouver Council received the report at its May 11, 2026 meeting and is being asked to give first reading to the OCP and zoning amendment bylaws. A public hearing and concurrent development permit meeting are scheduled for June 9, 2026 at 6:00 p.m. at Municipal Hall.

Staff are recommending approval, noting the proposal is consistent with the Horseshoe Bay Local Area Plan’s “Village Heart” designation and Council’s strategic objectives around commercial vibrancy and visitor accommodation near the ferry terminal. Public feedback gathered at two pre-application information meetings in 2025 was described as primarily supportive.

A fully leased retail strip at the corner of Oak Street and West 16th Avenue in Fairview has sold for $7,200,000, representing $1,029 per square foot on the building at a 3.4% cap rate.

The property is a single-storey, multi-tenant retail plaza built in 1936 on a 12,578 square foot corner lot. It was 100% occupied at the time of sale with four tenants: Comma Cafe, Eva & Co Wigs, a dry cleaner, and D. & A.’s Pet Food’N More.

Details:

• Sale price: $7,200,000
• Price/SF: $1,029
• Cap rate: 3.4%
• Building size: 6,996 SF
• Lot size: 12,578 SF
• Sale date: May 2026

The vendor, Concord International Lands Ltd., had held the property since 2006, when it was acquired for $3,808,000 ($495/SF). The buyer was DDH 3208 Oak Holdings Ltd., a Canadian private investor based in Richmond.

The site is designated for mixed-use low-rise development under the Cambie Corridor Phase 3 plan, with up to 3.3 FSR and six storeys of density permitted, yielding approximately 41,500 square feet of buildable area. The future Oak-VGH Broadway Subway Station is approximately 800 metres to the north.

The deal was brokered by Brett Aura and Christine Leung of TRG Commercial.

A rezoning application has been filed by Pennyfarthing Developments to redevelop 5079–5137 Ash Street, just off Cambie Street, proposing a 6-storey residential rental building on a site currently zoned R1-1.

Details of the proposal include:

• 87 rental units
• FSR: 3.27
• Height: 67 ft.

Pennyfarthing is familiar with this block. The developer previously secured rezoning approval at 5079–5161 Ash Street in 2023 for the Slate & Ash project, a larger assembly that included 5161 Ash Street. The current application covers only the southern three lots of that original assembly — 5079, 5111, and 5137 — suggesting either a reconfigured development strategy or phased execution of the broader Ash Street holdings.

The full application can be viewed here: https://www.shapeyourcity.ca/5079-5137-ash-street

The architect for the project is SHIFT Architecture.