A multi-tenant automotive retail property at 5948 200th Street in Langley has sold for $3,450,000.

The 9,090 SF single-storey building was constructed in 1961 on a 19,863 SF (0.46 acre) C-2 zoned site with 79 feet of frontage on 200th Street. The building is demised into three units, all leased to automotive tenants on triple net leases, including Langcity Brake & Muffler.

Details:

• Purchase Price: $3,450,000
• Price per SF: $380
• Cap Rate: 4.9%
• Building Size: 9,090 SF
• Site Area: 19,863 SF 

The purchaser is Triple A Custom Homes Ltd., a Richmond-based builder — a buyer profile that may suggest longer-term redevelopment interest beyond the current income stream. The property is located one block south of the Willowbrook Shopping Centre node and approximately 750 metres from the future Langley City Centre SkyTrain station, currently under construction with completion expected in 2029.

The $380/SF result sits below the $543/SF achieved in January 2026 on Langley Business Plaza — a multi-tenant Pharmasave-anchored building on nearby Fraser Highway — though the automotive subtype and older vintage account for the discount. The 4.9% cap rate is consistent with recent suburban Fraser Valley retail transactions, which have generally traded in the 4.9%–5.3% range for fully leased product.

The sale was brokered by Goodman Commercial Inc.

A single-tenant streetfront retail building at 1047 Denman Street in Vancouver’s West End has sold for $3,420,000 — or $1,966 per square foot — in what is one of the highest $/SF results recorded for a small-format retail property in the neighbourhood.

The 1,740 SF single-storey building, constructed in 1954, sits on a 2,178 SF (32 x 66 foot) C-5 zoned lot in the heart of Denman Village, steps from English Bay and Stanley Park. The property was fully occupied at the time of sale by Sushi Aboard, with a lease running through August 2029. The reported NOI was $70,013, implying a going-in yield of approximately 2.0%.

Details:

• Purchase Price: $3,420,000
• Price per SF: $1,966
• Building Size: 1,740 SF
• Tenant: Sushi Aboard
• Lease Expiry: August 2029
• NOI: $70,013

The sale price exceeded the $3,295,000 asking price, reflecting the competitive demand for freehold retail properties in high-traffic West End locations. Denman Street’s pedestrian traffic, tourism exposure, and position within Vancouver’s most densely populated neighbourhood support the significant premium.

The West End Community Plan designates Denman Village for mixed-use development up to 2.2 FSR and 60 feet in height, providing potential longer-term redevelopment optionality for the purchaser beyond the current income stream.

The sale was brokered by Sheldon Scott and Arjen Heed of Sitings Realty.

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.

A freestanding single-storey corner retail building at 4205 Dunbar Street in Vancouver has sold for $5,250,000, or $1,144 per square foot. The property, which most recently operated as an RBC Royal Bank branch, sits on the corner of Dunbar Street and West 26th Avenue in the heart of Dunbar Village.

• Sale Price: $5,250,000
• Price per Sq. Ft.: $1,144
• Cap Rate: Not disclosed
• Building Area: 4,588 SF
• Lot Area: 5,314 SF (43.05′ × 123′)
• Year Built: 1990
• Zoning: C-2 Commercial

The deal was brokered by Marcus & Millichap. The property had been listed at $5,750,000.

The building was offered vacant and had been marketed for both sale and lease, with a proposed net rent of $60.00 PSF and estimated additional rent of $22.00 PSF, suggesting an investor or owner-user play rather than a straightforward income acquisition.

A newly constructed 24-unit rental apartment building at 11300 Pazarena Place in Maple Ridge has sold for $17,250,000.

The three-storey building, completed in 2024 and branded as Crestwood, sits on a 25,575 SF lot adjacent to the Lougheed Highway corridor, next to Polygon’s Provenance townhome community.

• Sale Price: $17,250,000
• Price per Unit: $718,750
• Units: 24
  • 10 one-bedrooms, 6 two-bedrooms and 8 three-bedrooms
  • Average unit size 770 SF

The residential component sits above a fully leased daycare facility comprising 7,173 SF currently occupied by Hava Childcare Academy.

The vendor was Polygon with the purchase completed by Anthem Crestwood Holdings Ltd.

The transaction was brokered by a four-person Cushman & Wakefield team: Chris Harper, David Venance, Patrick Hannah, and Alex Priatel. More detail on the listing can be found here.

The $718,750 per-unit figure is notable for a suburban Fraser Valley asset, reflecting the premium that newly built, purpose-built rental product commands — particularly when paired with a stable commercial income stream. For context, the quarter’s largest comparable multifamily deal in the City of Vancouver — a newer 31-unit building at 727 East 17th Avenue — traded at $694,000 per unit, making Crestwood’s per-unit pricing competitive with, and slightly above, that benchmark despite its Maple Ridge location. The daycare tenancy at grade likely played a meaningful role in underwriting the price, providing a long-term commercial lease to anchor the income profile of an otherwise fully residential building.

Cap rate was not disclosed.