Vancouver Market - Chronicling Investment and Development Activity in Metro Vancouver
Retail

Streetfront Retail/Apartments on West 4th Sells for 5.6% Cap

A strata-titled retail and apartment building at 2023 West 4th Avenue has sold. The building contains 2 retail units and 8 residential units (five two-bedrooms and three one-bedrooms).

Property details:

  • Type: Streetfront multi-tenant retail and apartment
  • Retail tenants: Brier Home Decor, Blue Sky Clothing
  • Building Size: 10,435 SF
  • Lot Area: 5,543 SF
  • Year Built: 1998
  • Price: $6,100,000
  • Cap Rate: 5.6%

The property was listed and sold by Lee & Associates. A brochure can be viewed here: https://leevancouver.com/wp-content/uploads/4th-Ave-W-2023-Lee-Investment-Sale.pdf

August 18, 2025by david.taylor@colliers.com

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David Taylor - Senior Vice President @ColliersCanada. Chronicling investment and development activity in Vancouver. Views are my own.

vancouvermrkt
vancouvermrkt Vancouver Market @vancouvermrkt ·
22 Feb

SOLD: East Vancouver Retail & Apartment Building
https://vancouvermarket.ca/2026/02/22/sold-east-vancouver-retail-apartment-building/

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vancouvermrkt Vancouver Market @vancouvermrkt ·
31 Jan

A new proposal has surfaced for the parking lot next to Waterfront Station.

The redesigned project includes a 26-storey, 416,000 SF office tower, shaped like a tree, cantilevered over the existing station building.

Architect: James Cheng

Details: https://bit.ly/46aUB0W

4

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