Kira Liu and I are pleased to announce the completion of sale of our listing at 3155 Kingsway, a fully-leased 3-storey retail and apartment property in East Vancouver.

https://www.collierscanada.com/en-ca/properties/sold-fully-leased-retail-apartment-building-in-east-vancouver/can-3155-kingsway-vancouver-bc/can2016373

A retail and apartment property at 4041 200th Street in Langley, known as Brookswood Professional Center, has traded hands. The property is situated a one acres in the Brookswood‑Fernridge area, and includes two buildings with retail and apartment use, one built in 1976 and the other built in 2011.

Sale Details

• Sale Price: $11,200,000
• Building Size: 28,399 SF
• Retail: 10,419 SF (seven CRUs)
• Apartments: 16 units
• Price per Sq. Ft.: $394
• Lot Size: 41,600 SF

This property was listed and sold by NAI Commercial.

A new rezoning application has been submitted for 486 West 26th Avenue a 10,131 SF lot at the Southeast corner of West 26th and Cambie. The application, entitled “Cambie Nexus” proposes a 12‑storey concrete rental residential tower with ground‑floor community‑serving retail.

The site was previously approved for a 6-storey, 29-unit condo project that never moved forward.

Project Snapshot

Key Stats From the Application:

• Total residential units: 52
• Unit mix:
  • 27 one‑bedroom
  • 19 two‑bedroom
  • 6 three‑bedroom
• Density (FSR): 4.91 FSR
• Building height: 12 storeys (approx. 145’)
• Parking: 18 off‑street vehicle stalls

The architect for the project is Wilson Chang Architect Inc.

The site was acquired for $11,950,000 in 2018, which equates to $240 per buildable SF based on the current application.

A 3‑storey low‑rise apartment building at 2280 McGill Street in Vancouver’s Grandview‑Woodland has sold for $5,600,000, or $280,000 per unit.

Situated on a 12,200 SF lot with 99 feet of frontage, the 1966‑built wood‑frame building comprises 20 rental units.

The purchaser was New Chelsea Society.

The property was listed and sold by NAI Commercial.

Cadillac Fairview has submitted a new development application to the City of Vancouver for 601 West Cordova Street, currently the surface parking lot between the Waterfront Station building and The Landing.

The site was previously subject of an application for a new office tower in 2020, but did not move forward.

The architect for the resubmission is James Cheng, who also designed The Stack office tower, on Melville Street.

The current proposal calls for a 22-storey office building, stacked to look like a silhouette of a tree and cantilevered over Waterfront Station. Details include:

• 417,000 SF of office space;
• a total density of 7.05 FSR;
• a building height of 416 ft.
• A public plaza.

Under the site’s existing DD zoning, the application is “conditional” so it may be permitted. However, it requires the decision of the Development Permit Board.