A 20-unit building at 2575 Windsor Street, in the Mount Pleasant area of East Vancouver, has sold for $6,600,000.

The building is described by listing agent Mark Goodman: “Windsor Apartments is a well maintained three-storey 20-suite apartment building in Mount Pleasant, one of Vancouver’s most sought-after rental markets. Built in 1967 on a 12,047 SF lot (99’ x 122’), the building features 20 one-bedroom suites, 8 parking stalls (4 covered, 4 surface), 12 storage lockers, and one set of leased washer / dryer.”

Sale metrics:

• Cap Rate: 3.20%
• Price per Unit: $330,000

The property is also located in an area of the Broadway Plan that allows high-density residential. The property had been listed for sale for $7,100,000.

A concrete apartment building in the West End has sold for $27,700,000 to Partap Mehta, a local investor.

Greatview Manor is a 9-storey, 66-unit building located at 1280 Haro Street.

The property was listed and sold by Marcus & Millichap.

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Vittori Developments has submitted an application for a new 10-storey rental building on an assembly of two single family lots on West 27th Avenue, just East of Cambie Street. The combined lot size is 15,000 SF.

The lots are currently designated within the Cambie Corridor Plan for townhouses, but is located within Tier 2 – 400 meters of the King Edward Skytrain Station. Under the TOA rezoning policy, the site is allowed up to 12-storeys, 4.0 FSR.

The proposal for the site contemplates a 10-storey concrete rental apartment building that includes:

• 63 rental units (20% below market);
  • 27 one-bedroos, 18 two-bedrooms and 18 three-bedrooms;
• a total density of 4.0 FSR;
• a building height of 113 ft.
• 66 underground parking spaces on two levels.

The architect for the project is Raffaele Architecture Inc.

The full rezoning application can be viewed here: https://www.shapeyourcity.ca/466-476-w-27-ave

The latest Broadway Plan tower application is for a land assembly at the Southeast corner of West 1st and Arbutus in the Kits neighbourhood.

The site is 18,000 SF (150′ x 120′) and is owned by TKT Holdings Ltd.

The proposal is to allow for the development of a 20-storey rental building and includes:

• 176 units with 20% of the floor area for below-market units;
• 2,000 SF of retail space;
• a total density of 6.80 FSR; and
• A building height of 214 ft. with additional height for rooftop amenity space.

This application is being considered under the Broadway Plan.

The architect for the project is Studio One Architecture.

QuadReal has unveiled preliminary concept plans for the redevelopment of Capilano Mall in North Vancouver. The plans are being unveiled for community input before a more detailed application in 2025, including a required OCP Amendment.

The 17-acre property has been the subject of preliminary planning on and off since 2019, but got underway again in 2023.

Overall concept details include:

• 11 Towers, 12-40 storeys in height;
• ~ 3,100 residential units;
• 30% rental;
• 10% mid-market rental;
• 152,000 SF of retail/commercial space;
• 1.5 acres of public/park space
• a 20-30,000 SF community centre;
• a total density of 4.0 FSR.

Further info can be found on the project’s consultation website: https://www.reimaginecapilano.com/