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.