A mixed-use corner property at Main Street and East 26th Avenue has sold for $6,850,000.

The sale combined 4216 Main Street and 212 East 26th Avenue, which had to be sold together. The two 1926 buildings are one storey each, with street-level storefronts. They are leased to two restaurant tenants and include one residential unit. The corner lot has 68 feet of frontage on Main Street.

The property was listed in April 2026 at $7,499,000 and sold after 104 days on market, about 9% below the ask. The listing noted that rents are below market and that both leases include demolition clauses. For an investor, that points to two things: income that can grow as leases roll, and a site that can be redeveloped. The C-2 zoning allows mixed-use buildings of 4 to 6 storeys.

The vendors had owned the property since 2003, when they paid $925,000, about $159/SF.

Sale details

• Sale price: $6,850,000
• Price per SF: $1,228
• Building size: 5,576 SF
• Lot size: 7,405 SF

Gammon Property Advisors listed the property, and Marcus & Millichap acted on the buyer side.

A 51-suite apartment building at the corner of Knight Street and East 15th Avenue, across from Clark Park has sold for $21,000,000.

The 5-storey concrete building was completed in 2017 by Conwest Developments, the vendor. It has 31,225 SF of rentable area in a mix of one studio, 32 one-bedroom and 18 two-bedroom suites. It also has 25 secured underground parking stalls, 38 storage lockers, in-suite laundry and a private garden. It sits on a corner lot in Kensington-Cedar Cottage zoned CD-1.

The property was marketed at $24,500,000 and sold about 14% below that ask. At $411,765 per unit, the price lines up with what newer, well-located East Van purpose-built rentals are trading for. The 5.1% cap rate is based on the marketing net operating income of $1,070,896. A buyer of a 2017 concrete building is paying for low near-term capital needs. The vendor’s materials noted good physical condition and no significant capital expenditures.

Sale details

• Sale price: $21,000,000
• Price per unit: $411,765
• Price per SF: $673
• Cap rate: 5.1%
• Building size: 31,225 SF
• Lot size: 17,685 SF

Goodman Commercial acted as listing agent in the sale.