Steve Fame and John Gee of Colliers have sold The Langtry, located at 968 Nicola in the West End of Vancouver. The property is a 6-unit, fully furnished short-term rental property that was sold for $2,114,000, or approx. $350,000 per unit.

3105-3139 Edgemont Boulevard in North Vancouver has sold for $11,526,175, representing $993 per sq ft and a 4.0% cap rate. The 11,600 SF building is located on the South side of Edgemont Village and includes such tenants as RBC, Starbucks and Cob’s Bread. The property includes 189 feet of frontage on Edgemont Boulevard and a site area of 17,500 SF. The purchaser is a local private equity group.

Urban farm part of Main Street project.

If approved, a 380-suite townhome development proposed for land adjacent to the Little Mountain site off Main Street will include an urban farm, daycare, rooftop gardens and fruit trees.

Vancouver realtor Al De Genova said the focus of the North East Quadrant development is “families and community.”

“I’ve worked on three projects in the past two years along the Main Street corridor so I’ve met a lot of young couples who said what they want is true family housing,” said De Genova. “They also said they can’t afford $1.2 million, but can afford $600,000.”