A 20-unit building known as Capri Aparments and located at 520 North Nanaimo Street in the Grandview-Woodland area of East Vancouver has sold for $5,200,000 to New Chelsea Housing Society.

Details:

• 3-storey walkup built in 1969
• 12,319 SF site area
• 20 units (one bachelor, 18 one-bedrooms, one two-bedroom)
• 20 underground parking spaces
• $260,000 per unit

The building was sold by Dan Schulz and Chris Winkers of Macdonald Realty.

The 2026 assessment value of the property is $5,472,000.

Starlight has announced the acquisition of Villa Esto, an 83-unit, 10-storey concrete rental apartment building located at 1175 Haro Street in the West End of Downtown Vancouver.

Details of the transaction:

• Purchase Price: $33,100,000
• Price per Unit: $399,000

The property was listed and sold by Colliers VIDA team: https://www.collierscanada.com/en-ca/properties/sold-83-unit-rental-apartment-building-in-vancouvers-west-end/can-1175-haro-street-vancouver-bc/can2018225

Equiton Living has completed on the acquisition of Mountain Park Residences (formerly Oceana Court), a 117-unit lowrise apartment complex on a 2.7 acre site at 7070 Inlet Drive, at the base of Burnaby Mountain.

Details:

• Purchase Price: $46,625,000
• Cap Rate: 4.4%
• Price per unit: $390,000
• Year Built: 1967

The property was listed and sold by Cushman Wakefield: https://www.cwinvestmentproperties.com/listings/7070-inlet-drive-oceana-court-burnaby-bc-66/

Vertex Developments in partnership with Fastmark Development has submitted a rezoning application for a site at East 10th and Victoria Drive in East Vancouver.

The proposal is to allow for the development of a 26-storey rental tower, and includes:

• 250 units (10% of the floor area at below-market rates);
• a total density of 10.8 FSR;
• A building height of 266 ft.

This application is being considered under the Transit-Oriented Areas Rezoning Policy and the Grandview-Woodland Community Plan. The application notes that it exceeds the existing policies.

The architect for the project is dys Architecture.

The full application can be viewed here: https://www.shapeyourcity.ca/2611-victoria-dr

A rezoning application has been submitted to the City of North Vancouver for a site in the Lower Lonsdale area for a new market rental apartment building.

The site at 341-347 West 4th Street is located mid-block between Forbes and Mahon Avenue, West of Lonsdale. The plan for the 8,391 SF site is for a new 6-storey rental building, that includes:

• 69 rental units;
  • 25 studio units;
  • 20 one-bed units;
  • 24 three-bed units
• a total density of 2.60 FSR.

The architect for the project is Gradual Architecture.