A fully leased, medical service–oriented retail plaza at 20528–20580 Lougheed Highway in Maple Ridge has sold to a private local investor for $9,300,000.

The property, known as Mageta Medical Centre, comprises 13,817 SF of rentable area across two buildings on a 1.19-acre site.

Deal Notes

• Sale Price: $9,300,000
• $/SF: $673
• Cap Rate: 5.3%
• Building Size: 13,817 SF
• Year Built: 1992
• Use: Medical / service-oriented retail
• Status: Fully leased

The property had originally been listed for sale by Avison Young in late 2024 for $11,750,000. The Buyer in this transaction was represented by William Wright.

A 10‑unit rental apartment building at 1035 West 12th Avenue in Fairview has changed hands for $2,895,000. The property sits on a 50′ × 125′ lot in the heart of Fairview.

Built in 1955, the three‑storey wood‑frame walk‑up is a classic example of mid‑century purpose‑built rental stock—simple, functional, and consistently in demand.

Key Deal Metrics

• Sale Price: $2,895,000
• Cap Rate: 4.9%
• Price per Unit: $289,500
• Lot Area: 6,229 sq. ft.
• Zoning: RM-3

The property was listed and sold by NAI Commercial: https://naiapartments.ca/property/1035-west-12th-ave/

A 14‑unit Kitsilano rental apartment building at 2250 York Avenue has sold for $5,995,000. The three‑storey wood‑frame walk‑up, built in 1953, sits on a 75‑foot frontage lot.

The property was sold to General Properties Ltd., a private Canadian investor. The seller, Evereast International Enterprises Ltd., originally acquired the building in 2012 for $4,800,000, reflecting a notable step‑up in value over the past 14 years.

Property Highlights

• Units: 14
  • 10 × 1‑bedroom
  • 4 × 2‑bedroom
• Lot Size: 9,148 SF
• Zoning: RM‑4 (Multiple Dwelling)
• Parking: 6 covered stalls
• Amenities: Two locker rooms (14 lockers), shared laundry (1 washer + 1 dryer)

The property was listed and sold by Chris Hayne and Billy Yang: https://www.royallepage.ca/en/property/british-columbia/vancouver/2250-york-avenue/26947768/

The retail air space parcel of the former Shangri-la Hotel (now Park Hyatt) at 1101-1133 Alberni Street in Downtown Vancouver, has traded hands. The property had been acquired by Brookfield as part of their hotel acquisition in 2025 and was spun off as a separate offering, with retail including Urban Fare, the Keg and Burberry.

Sale Details

• Sale Price: $55,000,000
• Retail GLA: 40,996 SF
• Price per Sq. Ft.: $1,342
• Cap Rate: 5.30%
• Seller: Brookield
• Buyer: Aquilini

A 31-Unit apartment building located on Fraser Street at East 17th Avenue has been sold by Low Tide Properties. The 2017 built apartment/retail building is located on a 12,197 SF site.

The building contains a retail unit leased to Bells and Whistles.

Sale details:

• Purchase Price: $12,500,000
• 4.4% cap rate
• $694,000 per unit
• 13 one-beds, 15 two-beds, 3 three-beds
• 3,174 SF of retail space

The property was listed and sold by the Cushman and Wakefield BC Multifamily Team.