Former RBC Branch in Dunbar Sells for $5,250,000

A freestanding single-storey corner retail building at 4205 Dunbar Street in Vancouver has sold for $5,250,000, or $1,144 per square foot. The property, which most recently operated as an RBC Royal Bank branch, sits on the corner of Dunbar Street and West 26th Avenue in the heart of Dunbar Village.

• Sale Price: $5,250,000
• Price per Sq. Ft.: $1,144
• Cap Rate: Not disclosed
• Building Area: 4,588 SF
• Lot Area: 5,314 SF (43.05′ × 123′)
• Year Built: 1990
• Zoning: C-2 Commercial

The deal was brokered by Marcus & Millichap. The property had been listed at $5,750,000.

The building was offered vacant and had been marketed for both sale and lease, with a proposed net rent of $60.00 PSF and estimated additional rent of $22.00 PSF, suggesting an investor or owner-user play rather than a straightforward income acquisition.