Surrey planning staff have recommended approval of a two-building, 366-unit low-rise apartment development at 13831–13859 108 Avenue and 13832–13856 Cowan Road in Whalley.

Details of the development proposal:

• 366 residential units (24 studio / 305 one-bedroom / 37 two-bedroom)
• Two six-storey wood frame buildings over two levels of underground parking
• Density: 2.40 FAR
• Rezoning: R1 and R3 to CD (based on RM-70)
• Parking: 393 vehicle stalls / 464 bicycle spaces

The proposed CD zone increases density from the RM-70 base of 1.5 FAR to 2.40 FAR in alignment with the City Centre Plan’s low-rise designation for the site.

The site currently contains three single-family dwellings and three duplexes. All 54 on-site bylaw trees are proposed for removal, with 100 replacement trees required — to be satisfied through cash-in-lieu given the site’s full redevelopment. Eleven of the 22 boulevard trees along the frontages are proposed for retention.

The project is designed by Barnett Dembek Architects.

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.

A 38-unit apartment building known as Prince Rupert Villa, at 727 East 7th Avenue in Mount Pleasant has sold for $10,640,000.

The 3-storey wood frame building was constructed in 1972 on a 17,729 SF (0.41 acre) lot with 145.5 feet of frontage on East 7th Avenue. The suite mix comprises 23 one-bedrooms, 12 studios, and 3 two-bedrooms, with 26 underground parking stalls. Based on a reported net operating income of $526,841, the transaction reflects a going-in cap rate of 5.0%.

Details:

• Purchase Price: $10,640,000
• Price per Unit: $280,000
• Cap Rate: 5.0%
• Number of Units: 38
• Building Type: 3-storey wood frame (1972)
• Site Area: 17,729 SF (0.407 acres)
• NOI: $526,841
• Zoning: RM-3

The $280,000 per unit result is notable in the context of recent Mount Pleasant apartment activity. In November 2025, a 23-unit walkup in the same neighbourhood sold for $7,550,000 ($328,261 per unit) at a 4.0% cap rate. Earlier, a 20-unit building at 2575 Windsor Street traded at $6,600,000 ($330,000 per unit) at a 3.2% cap rate. At $280,000 per unit, the East 7th Avenue sale reflects a wider cap rate (5.0%) and correspondingly lower per-unit pricing — likely a function of the building’s unit mix, which is heavily weighted toward studios and one-bedrooms.

The property is located within the Broadway Plan’s Mount Pleasant North Apartment Area — Area B, which designates the site for mid- to high-rise residential use and is eligible for rezoning. Several significant rezoning applications have been filed in the immediate area, including a 22-storey, 273-unit rental tower proposed at East 2nd and Brunswick Street and a 19-storey, 175-unit rental tower at 523-549 East 10th Avenue, both being considered under the Broadway Plan.

The sale was brokered by Goodman Commercial Inc.

Marquee Group has submitted their rezoning application for the site they own at 2777 Oak Street; at the Northwest corner of Oak and West 12th, just West of Vancouver General Hospital. The proposal calls for a 26-storey hotel tower under the Broadway Plan and Transit-Oriented Areas Rezoning Policy.

Key stats:

• 314 hotel rooms
  • 160 short term stay, 154 long term stay
• 12.4 FSR
• 308 ft in building height

Ground-floor commercial space is included in the proposal.

The project architect is B+H Architects.

A rezoning application has been filed to redevelop 3696 Kingsway, a Telus ‘Central Office’ at the Southwest corner of Boundary and Kingsway that has housed telecommunications equipment for many years.

The application by LPI Management (Ledcor), seeks to rezone the site from C-2 to allow:

• 233 rental units;
• 10,100 SF of retail space;
• a 2-storey telecommunications facility;
• a total density of 6.43 FSR

The full application can be viewed at shapeyourcity.ca/3696-kingsway.

The architect for the project is Arcadis.