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.
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.
Key Stats From the Application:
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.
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:
A 10-unit Metrotown apartment building located at 6700 Dow Avenue in the Metrotown area of Burnaby has sold. The 1968 walkup apartment building is located on a 9,118 SF site that has future high density development potential under the Metrotown Plan.
Sale details:
The property was listed and sold the Blair McEvay team at Marcus & Millichap.