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Apartment, Retail

East Van Retail & Apartment Building Sells for $595/SF

A 2-storey retail and apartment building at 6964 Victoria Drive has sold for $3,050,000. The 5,710 SF building includes a dentist office on the ground floor and two residential units above.

Deal metrics:

  • Cap Rate: 4.75%
  • Price/SF: $595

The asking price for the property was $3,395,000.

Property brochure: https://macdonaldcommercial.com/docs/listings/6964-victoria-drive/Victoria-6964-Vancouver.pdf

The listing agent for the property was Jake Luft of Macdonald Commercial.

June 26, 2025by david.taylor@colliers.com
Condo, Development, Rental, Retail

Revised Proposal for Port Moody Site Includes 52 Rental Units above Retail

A revised rezoning application has been submitted for a two-lot land assembly (17,427 SF) at 2805–2811 St. Johns Street in Port Moody.

A previous application from 2023 had anticipated a 6-storey commercial building.

While the site falls within the province’s Transit-Oriented Area (TOA) policy—permitting up to 12 storeys and 4.0 FAR—the applicant aims to achieve 3.84 FAR within only 6-storeys, leading to design challenges due to the site’s limited size and frontage. The proposal does not meet current zoning (CRM-2) requirements for lot size, frontage, or canopy coverage and has not yet fulfilled the City’s Inclusionary Zoning policy for affordable housing.

Development Proposal Summary:

  • Residential Units: 52 total units
    • 6 proposed as below-market rentals (subject to viability review)
    • 100% adaptable units
  • Retail: 15,317 SF
  • Parking: 71 vehicle spaces
    • 33 residential, 10 visitor, 28 commercial
    • 98 bicycle spaces (80 long-term, 18 short-term)
  • Building Height: 6 storeys + rooftop patio

Despite some alignment with broader planning goals, concerns were raised by the Land Use Committee regarding the project’s non-compliance with CRM-2 zoning parameters, limited lot area, lack of sufficient tree canopy coverage, potential traffic impacts on St. Andrews Street, and the bulky building form. Staff also flagged that the proposal would likely require further amendments or acquisition of adjacent parcels to meet design, environmental, and livability expectations. The developer has also requested flexibility on delivering affordable housing, which is under review and subject to third-party verification.

The architect for the project is Mara + Natha Architecture.

June 18, 2025by david.taylor@colliers.com
Apartment, Development, Rental

327 Rental Units Proposed for Bonnis Kingsway Property

A rezoning application has been submitted by Bonnis Properties for a 30, 300 SF site that they own in the 600 block of Kingsway at East 16th Avenue, just West of Fraser Street.

The proposal is to allow for the development of two rental towers with a combined 327 units: a 14-storeys (North Tower) and a 25-storeys (South Tower). Additional details include:

  • 120 market rental units (North Tower) and 207 market rental units (South Tower) with 20% of the total residential floor area for below-market units;
  • 18,000 SF of retail space;
  • a private 20-space childcare facility;
  • a total density of 8.50 FSR;
  • A building height of 167 ft. for the North Tower, and 276 ft. for the South Tower.

This application is being considered under the Broadway Plan.

The architect for the project is Perkins&Will.

The full application can be viewed here: https://rezoning.vancouver.ca/applications/602-644-kingsway-and-603-617-e-16th-ave/application-booklet-1.pdf

May 31, 2025by david.taylor@colliers.com
Apartment, Development, Rental

116 Rental Units Planned for Telus Site in East Vancouver

Ledcor has applied on behalf of Telus for the rezoning and redevelopment of an existing Telus owned property at 6486 Chester Street in East Vancouver. The site is an existing infrastructure site for Telus, one of several proposed for residential redevelopment.

The proposal is to allow for the development of a 6-storey rental project that includes:

  • 116 rental units;
  • a telecommunications facility on the northeast corner of the site;
  • a total density of 2.89 FSR;
  • A building height of 73 ft.

This application is being considered under the Secured Rental Policy.

The architect for the project is Yamamoto Architecture.

The full rezoning application can be viewed here: https://www.shapeyourcity.ca/6486-chester-st

May 16, 2025by david.taylor@colliers.com
Apartment, Development, Rental

162 Rental Units Proposed for Broadway Plan Site

Sightline Properties has submitted a rezoning application for a site at 1125 West 10th Avenue in the Fairview neighbourhood of the Broadway Plan. The site is 100′ x 125′.

The proposal is to allow for the development of a 21-storey rental building that includes:

  • 162 units with 20% of the floor area for below-market units;
  • 1,900 SF of retail space on the ground floor;
  • a total density of 9.06 FSR;
  • a building height of 224 ft. with additional height for rooftop amenity space.

This application is being considered under the Broadway Plan.

The architect for the project is Ciccozzi Architecture.

The full application can be viewed here: https://www.shapeyourcity.ca/1125-w-10-ave

April 23, 2025by david.taylor@colliers.com
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vancouvermrkt
vancouvermrkt Vancouver Market @vancouvermrkt ·
22 Feb

SOLD: East Vancouver Retail & Apartment Building
https://vancouvermarket.ca/2026/02/22/sold-east-vancouver-retail-apartment-building/

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northshorenews North Shore News @northshorenews ·
17 Feb

12-unit Gleneagles townhouse project proposed in West Vancouver

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vancouvermrkt Vancouver Market @vancouvermrkt ·
31 Jan

A new proposal has surfaced for the parking lot next to Waterfront Station.

The redesigned project includes a 26-storey, 416,000 SF office tower, shaped like a tree, cantilevered over the existing station building.

Architect: James Cheng

Details: https://bit.ly/46aUB0W

4

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vancouvermrkt Vancouver Market @vancouvermrkt ·
23 Jan

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