125 Agnes Street, a 19-unit apartment building in New Westminster has been sold for $2,100,000, or $110,000 / 4.5% cap rate.

A 14-unit apartment building in the South Granville area has sold for $4,000,000, representing a 3.4% cap rate and $286,000 per unit. The building had originally been listed for $5,000,000, but the price was later reduced to $4,400,000. The building, known as St. Charles Apartments, was built in 1927 but was substantially renovated.

Darwin Construction has applied to the District of North Vancouver to rezone 4 single family lots at 1561-1583 Oxford Street. The proposal is for 107 rental apartment units and 2,168 sq ft of commercial floorspace in a 6 storey building over 96 parking stalls. The proposed density is 3.35 FSR, which exceeds the 2.5 FSR medium density floor space envisioned in the District’s Official Community Plan.

The site located at the south end of the Lower Lynn Town Centre adjacent to Phibbs Exchange. The Lower Lynn Area Plan is expected to be adopted later in 2013.