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.

Surrey planning staff have recommended approval of a two-building, 366-unit low-rise apartment development at 13831–13859 108 Avenue and 13832–13856 Cowan Road in Whalley.

Details of the development proposal:

• 366 residential units (24 studio / 305 one-bedroom / 37 two-bedroom)
• Two six-storey wood frame buildings over two levels of underground parking
• Density: 2.40 FAR
• Rezoning: R1 and R3 to CD (based on RM-70)
• Parking: 393 vehicle stalls / 464 bicycle spaces

The proposed CD zone increases density from the RM-70 base of 1.5 FAR to 2.40 FAR in alignment with the City Centre Plan’s low-rise designation for the site.

The site currently contains three single-family dwellings and three duplexes. All 54 on-site bylaw trees are proposed for removal, with 100 replacement trees required — to be satisfied through cash-in-lieu given the site’s full redevelopment. Eleven of the 22 boulevard trees along the frontages are proposed for retention.

The project is designed by Barnett Dembek Architects.

A two-storey flex office building at 33376–33386 South Fraser Way in Abbotsford’s Historic Downtown sold for $5,950,000.

• Sale Price: $5,950,000
• Price/SF: $413
• Cap Rate: 4.0%
• Building Size: 14,410 SF
• Lot Size: 24,481 SF (0.562 acres)

The multi-tenant property sits on a 24,481 SF corner lot with frontage on both South Fraser Way and Roberts Avenue, and includes both surface and underground parking. Zoned C5 (City Centre Commercial), the site carries an Official Plan designation of Apartment under the Historic Downtown NCP, adding a longer-term redevelopment dimension to what is otherwise an income-producing flex office asset.

At $413/SF and a 4.0% cap rate, the sale reflects continued investor appetite for Fraser Valley commercial assets. For context, recent suburban office trades in the Metro Vancouver region have ranged from roughly $410–$925/SF depending on market, building quality, and lot size, with Abbotsford pricing generally sitting at a discount to Surrey and Delta.

The transaction was brokered by Momentum Realty.

A 16-unit low-rise apartment building known as Britannia View Apartments at 1150 Cotton Drive in East Vancouver’s Grandview-Woodland neighbourhood has sold for $5,067,000 — or approximately $317,000 per unit.

• Sale Price: $5,067,000
• Price/Unit: $317,000
• Building Size: 16 units
• Lot Size: 7,884 SF 

The property is a three-storey plus penthouse wood-frame building constructed in 1961, situated on a 7,884 SF corner lot with frontage on both Cotton Drive and William Street. The unit mix consists of five bachelor suites, nine one-bedroom units, one two-bedroom unit, and a bachelor penthouse suite. The building is zoned RM-4 and falls within the Grandview-Woodlands Community Plan, which designates the site for Residential Low-Rise with a long-term potential of up to six storeys under the Britannia Woodland Apartment guidelines.

1150 Cotton Drive is located in Vancouver’s Grandview-Woodland neighbourhood, zoned RM-4 with long-term redevelopment potential under the Grandview-Woodlands Community Plan.

We are pleased to announce the successful completion of this landmark development site transaction. The project will feature 507 rental units in two towers at Willow Street and West 13th Avenue.