A two-storey concrete office building in Vancouver’s Armoury District has sold for $6,250,000, representing a price of $868 per square foot.

Sale Price: $6,250,000
Price/SF: $868
Building Size: 7,202 SF
Lot Size: 5,040 SF

The property at 1777 West 8th Avenue is a 7,202 square foot multi-tenant office building situated on a 5,040 square foot lot at the corner of West 8th Avenue and Burrard Street. Built in 1975 and zoned C-3A, the building features floor-to-ceiling glazing, move-in ready office improvements, and secured underground parking. The property carries a Broadway Plan designation of FGBE (Granville/Burrard Slopes – Area E), which permits 5 to 10 storeys and a density of 3.5 to 4.5 FSR, adding a meaningful residential redevelopment layer to the asset.

The transaction was brokered by Matthew MacLean and Paul Carrothers of Cushman & Wakefield.

A single-tenant streetfront retail property at 6167 Fraser Street in Vancouver has sold for $2,900,000, representing $906 per square foot.

Property Details

• Sale price: $2,900,000
• Price per SF: $906
• Building size: 3,200 SF
• Lot size: 3,790 SF

The property is a single-storey, single-tenant retail building with gated surface parking, situated on a 33-foot frontage along Fraser Street. It is zoned C-2A (Mixed-Use) within the Sunset community and carries a Mixed-Use Low-Rise Official Plan designation. The property was vacant at the time of sale.

Fraser Street retail continues to trade at meaningful price-per-square-foot levels. For context, the $906/SF achieved here sits just below the broader Vancouver retail average and compares to recent trades such as Main & East 28th at $810/SF (August 2025). If you own retail property along Fraser Street or elsewhere in Vancouver and are curious about current market value, I would be happy to provide an opinion.

Karim Winsor of TRG Commercial brokered the sale.

A 21-unit low-rise apartment building in Marpole has sold for $5,439,000, reflecting $259,000 per unit and a 4.5% capitalization rate. The property at 8665 Osler Street transacted as a share sale in June 2026.

The building is a three-storey wood-frame structure built in 1962, comprising six bachelor units, 11 one-bedroom units, and four two-bedroom units across approximately 19,400 SF of rentable area. The property sits on a 13,811 SF lot with 99 feet of frontage on Osler Street and includes surface and covered parking for 13 vehicles. The building was well-maintained by the vendor, with 19 of 21 suites upgraded and a series of capital improvements completed in recent years including a full re-pipe (2017), new TPO roof (2011), double-glazed windows (2015), and a new IBC boiler for hydronic heat (2023).

The property is located approximately one kilometre from Marine Drive Canada Line SkyTrain Station. A listing brochure is available online.

DETAILS:

• Sale price: $5,439,000
• Price per unit: $259,000
• Cap rate: 4.5%
• Building size: 19,400 SF
• Lot size: 13,811 SF

Casey Weeks and Morgan Iannone represented the Seller in the transaction. Avison Young represented the Buyer.

I am pleased to announce the off-market sale of Main Gate, a 5-storey boutique office building steps from Granville Island. The property at 1505 West 2nd Avenue was acquired by Commonwealth Management Ltd.

The building is one of the more distinctive office assets on Vancouver’s Westside — a 45,000 SF concrete structure built in 1990 on a 20,000 SF freehold waterfront lot along the Seawall. The building is anchored by the Pacific Institute of Culinary Arts and its Blue Hat Café at grade, with upper floors of office space arranged around a bright central atrium. The property includes 82 secured underground parking stalls and sweeping views over Granville Island, False Creek, and the city.

The transaction was completed off-market and structured as a share sale. This marks only the fifth office building purchased by an investor in Metro Vancouver in 2025, reflecting continued caution among buyers toward the asset class. For well-located, physically distinctive office assets with a clear value-add story, buyer appetite does exist — the challenge is finding assets that meet the bar.

DETAILS:

• Sale structure: Share sale (price not disclosed)
• Building size: 45,000 SF
• Lot size: 20,000 SF
• Asset type: Office
• Year built: 1990
• Parking: 82 secured underground stalls

The sale was brokered by David Taylor of Colliers International.

A 32-unit rental apartment building in Burnaby’s Metrotown neighbourhood sold in May 2026 for $10,500,000.

Key Details:

• Sale Price: $10,500,000
• Price/Unit: $328,125
• Cap Rate: 4.8%
• Number of Units: 32
• Lot Size: 20,569 SF lot

The property at 5087 Irving Street is a three-storey, wood-frame apartment building constructed in 1969, situated on a 20,560 SF corner lot fronting both Irving Street and Newton Street in Burnaby’s Metrotown neighbourhood. The building contains 9 bachelor, 16 one-bedroom, and 7 two-bedroom suites averaging 629 SF, with one level of underground parking and 32 stalls. The net operating income at the time of sale was $500,528, reflecting a going-in yield of 4.77% on the purchase price.

The sale was brokered by Simon Lim, James Lang, and Jessica Hathaway of Colliers, who had marketed the property at an asking price of $12,800,000.

Beyond its income characteristics, the site carries significant redevelopment potential. Under Burnaby’s 2050 OCP draft, the property is designated High-Rise Apartment 1, permitting up to 30 storeys with the ability to increase to 40 storeys through density bonusing — a designation that attracted considerable developer interest during the marketing campaign. The property is within walking distance of both Metrotown and Royal Oak SkyTrain Stations on the Expo Line.

At $328,125 per unit, the sale sits modestly above the Burnaby apartment average tracked on this site, reflecting the transit proximity and redevelopment upside of the Metrotown location.

The property is located in Burnaby, on the north side of Irving Street between Marlborough Avenue and Royal Oak Avenue in the Metrotown neighbourhood.