Colliers is pleased to present 2055-2057 Commercial Drive, a fully leased, two-tenant retail building on one of East Vancouver’s most established shopping streets.

Commercial Drive draws steady foot traffic from a dense, well-established residential neighbourhood. It has long been known for independent merchants and a strong local customer base. Retail space with street frontage on the Drive rarely comes to market in this size range, and this offering suits an owner-user or an investor seeking stable, low-management income.

The building is 100% occupied by two long-standing tenants: a national retail service operator and a local real estate brokerage. Both leases are fully net, so property taxes, insurance and operating costs are recovered from the tenants. That gives the landlord a clean, predictable income stream with minimal expense leakage.

Both leases also expire within a similar window in 2028. That timing gives a purchaser the chance to renew at current market rents or reposition the space.

Pricing Information

• Asking price: $2,350,000
• Price per SF: $1,077
• Building size: 2,197 SF

For the offering memorandum and tenant details, contact David Taylor at Colliers at 604-761-7044 or david.taylor@colliers.com.

A 16-storey office building at 1185 West Georgia Street in downtown Vancouver has sold for $74,000,000.

Sale Price: $74,000,000
Price per SF: $446
Cap Rate: Low 4%
Building Size: 165,855 SF
Lot Size: 17,424 SF

Built in 1984 on the northeast corner of West Georgia and Bute Streets, the tower includes 157 underground parking stalls and was multi-tenanted at the time of sale, with occupants including Crowe, Hub, PGL Environmental Consultants, and Allen McMillan. The property was approximately 40% vacant at time of sale.

The vendor, Toronto-based Allied Properties REIT. Allied has been actively selling assets over the past year in an effort to re-fortify its balance sheet, and the building was listed earlier this year. The buyer was Holborn group who owns the neighbouring Paradox Hotel.

At $446/SF, the sale prices well below the $814/SF Allied paid in 2022 — a roughly 45% decline over four years that reflects the broader repricing downtown Vancouver’s office sector has undergone amid elevated vacancy and Allied’s own well-documented balance sheet pressures, which included a billion-dollar writedown on property values and an accompanying billion-dollar net loss reported in its most recent quarter. Notably, BC Assessment valued the property at $60.1 million as of July 1, 2025, down from a prior assessed value of $81.3 million — putting the $74 million sale price almost exactly between the two.

The deal was brokered by Marcus & Millichap and RBC Capital Markets Real Estate Group.

We are pleased to introduce the Wentworth Lands, an approved 9-acre single family subdivision ideally situated in West Vancouver’s Uplands neighbourhood.

Land For Sale — 2480 & 2510 Wentworth Avenue, West Vancouver | Canada | Colliers

I am pleased to bring to market this two-storey retail and office building in the desirable Uptown area of New Westminster. 7,280 SF building on a 8,712 SF site. Two restaurant tenants on the main floor and mostly vacant office space upstairs. Clean environmental. Asking $3,750,000, $515/SF.

For further details: https://www.collierscanada.com/en-ca/properties/for-sale-by-court-order-high-exposure-retail-office-property-in-uptown-area-of-new-westminster/can-416-sixth-street-new-westminster-bc/can2020382

We are pleased to offer this rare opportunity to acquire a 100% market rental development site in the highly desirable Lynn Valley neighbourhood. The 16,850 SF corner property (189 ft x 120 ft) has a DP approved for a 6-storey building with 48,950 SF of gross density (2.88 FSR), accommodating 66 market rental units.

Click here for further details: https://www.collierscanada.com/en-ca/properties/for-sale-rezoning-dp-approved-6-storey-woodframe-100-market-rental-in-lynn-valley/can-1149-1155-lynn-valley-road-north-vancouver-bc/can2020284