A single-storey retail building in West Vancouver’s Ambleside Village sold in April 2026 for $9,500,000.
Key Details:
- Sale Price: $9,500,000
- Price/SF: $1,418
- Building Size: 6,700 SF
- Lot Size: 12,109 SF
- Cap Rate: 2.75%
The property at 1802 Marine Drive is a corner site at Marine Drive and 18th Street in Ambleside Village, one of the most tightly held retail corridors in Metro Vancouver. Built in 1966, the single-storey building sold vacant, with the transaction recorded as a fee simple transfer in April 2026. The site is zoned AC2 (Ambleside Centre Zone 2) and falls within the Ambleside Village Centre OCP designation, which supports future mixed-use redevelopment.
The property last traded as part of a two-lot assembly that had been marketed by Cushman & Wakefield as 1802–1814 Marine Drive, a 6,872 SF fully leased retail complex occupied by Sleep Country and S.T. Arts. The sale price reflects the premium that Ambleside commands — Marine Drive has consistently produced some of the highest retail prices per square foot in Metro Vancouver, with recent transactions along the corridor ranging from just under $900 to over $1,900 per square foot.
The property is located in West Vancouver, at the corner of Marine Drive and 18th Street in the Ambleside neighbourhood.
Own an retail property in Metro Vancouver? I can provide a confidential opinion of current market value. — David Taylor, Colliers · 604-761-7044
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