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.

A 17-Unit apartment building located on Granville Street at West 71st Avenue has sold. The 1956 walkup apartment building is located on a 9,583 SF site.

The property allows future redevelopment up to 6-storeys in the Marpole Community Plan.

Sale details:

• Purchase Price: $7,650,000
• 5.0% cap rate
• $450,000 per unit
• 8 one-beds, 6 two-beds, 3 three-beds

The building was listed and sold by Goodman Commercial.