We are pleased to present this unique opportunity to acquire a fully functioning private school property in North Vancouver. Located on a 6.5 acre site, the school contains all the facilities of a typical school including classrooms, library, gym/auditorium, cafeteria and boarding facilities with 350 dorm beds.

2420 Dollarton Brochure

An 11-unit apartment building, known as Bel Aire Apartments at 6356 East Boulevard, has sold for $4,710,000, or $428,000 per unit, or a 2.10% cap rate. The buyer is East Boulevard Property (Westland) Ltd.  The building had been listed for sale for $5,000,000.

Porte Development has submitted a rezoning application for a 46,239 SF site at the corner of Dawson Street and Madison Avenue in the Brentwood Area of Burnaby. Unlike the rest of Brentwood, this proposal is not for a tower but for a 6-storey woodframe building with retail at grade and 92 residential units above. The plan includes:

• a total density of 2.2 FAR
• 100,828 SF of buildable SF
• 7,890 SF of CRU space
• 21 one-beds, 60 two-beds and 11 three-beds
• 178 underground parking spaces

Woodframe product is relatively scarce and will be a welcome project amid Brentwood’s thousands of highrise units in various stages of development.

The second half of the site was assembled earlier this year after the other half was bought in 2006 for a blended cost of approximately $47 per buildable SF.

A development application has been filed by Next Pacific Ventures Ltd. for a 6,754 site on East Pender Street near Clark Drive. The plan for the I-2 zoned property at 1257 East Pender Street includes:

• a 7-storey industrial building
• 20,262 SF of floorspace (6,700 SF of office and 9,200 SF of workshop space)
• manufacturing and general office uses
• 2 levels of underground parking

The application is conditional under the I-2 zoning, which permits a height up to 100 ft. and allows some general office space in conjunction with industrial uses.

Aggressive urban planning around SkyTrain stations in Burnaby is turning the municipality into Metro Vancouver’s hotbed for condo development, according to an Urban Development Institute report.

Heavy pre-sales in projects such as Station Square at Metrotown and the redevelopment of Brentwood Town Centre added up to almost 30 per cent of all new-construction sales across Metro Vancouver, outpacing Vancouver’s downtown and west side neighbourhoods.

Throw in the city’s east side and Vancouver still sold more condominiums, but Burnaby’s high-density push is bringing development levels between the two cities closer together.

To the end of the third quarter, Burnaby saw 1,613 presales of condos under development compared with 1,394 for downtown and west-side Vancouver combined, UDI reported.

In total, developers have projects that add up to 14,548 units in the planning stage in Burnaby, within striking distance of the 14,766 in the City of Vancouver’s planning process.