I am pleased to bring to market this two-storey retail and office building in the desirable Uptown area of New Westminster. 7,280 SF building on a 8,712 SF site. Two restaurant tenants on the main floor and mostly vacant office space upstairs. Clean environmental. Asking $3,750,000, $515/SF.
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.
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.
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.