A multi-tenant automotive retail property at 5948 200th Street in Langley has sold for $3,450,000.

The 9,090 SF single-storey building was constructed in 1961 on a 19,863 SF (0.46 acre) C-2 zoned site with 79 feet of frontage on 200th Street. The building is demised into three units, all leased to automotive tenants on triple net leases, including Langcity Brake & Muffler.

Details:

• Purchase Price: $3,450,000
• Price per SF: $380
• Cap Rate: 4.9%
• Building Size: 9,090 SF
• Site Area: 19,863 SF 

The purchaser is Triple A Custom Homes Ltd., a Richmond-based builder — a buyer profile that may suggest longer-term redevelopment interest beyond the current income stream. The property is located one block south of the Willowbrook Shopping Centre node and approximately 750 metres from the future Langley City Centre SkyTrain station, currently under construction with completion expected in 2029.

The $380/SF result sits below the $543/SF achieved in January 2026 on Langley Business Plaza — a multi-tenant Pharmasave-anchored building on nearby Fraser Highway — though the automotive subtype and older vintage account for the discount. The 4.9% cap rate is consistent with recent suburban Fraser Valley retail transactions, which have generally traded in the 4.9%–5.3% range for fully leased product.

The sale was brokered by Goodman Commercial Inc.

A single-tenant streetfront retail building at 1047 Denman Street in Vancouver’s West End has sold for $3,420,000 — or $1,966 per square foot — in what is one of the highest $/SF results recorded for a small-format retail property in the neighbourhood.

The 1,740 SF single-storey building, constructed in 1954, sits on a 2,178 SF (32 x 66 foot) C-5 zoned lot in the heart of Denman Village, steps from English Bay and Stanley Park. The property was fully occupied at the time of sale by Sushi Aboard, with a lease running through August 2029. The reported NOI was $70,013, implying a going-in yield of approximately 2.0%.

Details:

• Purchase Price: $3,420,000
• Price per SF: $1,966
• Building Size: 1,740 SF
• Tenant: Sushi Aboard
• Lease Expiry: August 2029
• NOI: $70,013

The sale price exceeded the $3,295,000 asking price, reflecting the competitive demand for freehold retail properties in high-traffic West End locations. Denman Street’s pedestrian traffic, tourism exposure, and position within Vancouver’s most densely populated neighbourhood support the significant premium.

The West End Community Plan designates Denman Village for mixed-use development up to 2.2 FSR and 60 feet in height, providing potential longer-term redevelopment optionality for the purchaser beyond the current income stream.

The sale was brokered by Sheldon Scott and Arjen Heed of Sitings Realty.