Coquitlam multifamily assets have shown a steady increase in value over the past 5 years as cap rates for apartment buildings have dropped across the region. This market is predominantly characterized by low-rise buildings. The average sales value over the past five years in this market is about $125,000, a value range that is consistent with areas such as East Vancouver and New Westminster.

8486 Granville Street provides the opportunity to acquire a nearly 10,000 square foot site in the Marpole area of Vancouver.  The property is immediately across Granville Street from Westbank’s Landmark project  – Granville at 70th. 

For more information please contact Ted Mildon or Matt Saunders.

Ted Mildon & Matt Saunders are proud to announce the sale of 243 East 13th Avenue in Mount Pleasant.  243 East 13th Avenue is an 11 unit, three storey, apartment building with underground parking.  The sale price was $1.8 million.

For more information on this sale please contact Ted Mildon or Matt Saunders.

The Mr. Lube property on Arbutus Street in the Westside area of Vancouver has sold for $4,380,000. The property is located at the corner of West 12th Avenue on a 75′ x 125′ site and is zoned C-8, commercial.

The City of Vancouver has put three properties up for sale on the North Shore that were taken over from Millenium Developments (Peter and Shahram Malek). Two of the properties are located in the Lower Lonsdale area and are potentially high density redevelopment sites; the third is a small retail property at 1327 Marine Drive in West Vancouver. Despite speculation as to why the City is selling now, the properties are sure to receive significant interest.

260 West Esplanade is an entire city block currently improved with two lowrise commercial buildings. Totalling 2.24 acres in size, the site is designated in the OCP as Town Centre Mixed-Use, potentially allowing a redevelopment to include residential up to a density of 2.6 FSR, or approx. 255,000 sq ft.

119-131 West Esplanade, a property known locally as “Site 8” is a 17,500 SF site located just north of Lonsdale Quay. This property is also designated in the OCP for density up to 2.6 FSR under the Town Centre Mixed Use classification. This site was previously proposed for a 36-storey tower by Millenium; a plan that faced significant community opposition in 2007/2008.