A 10-unit Metrotown apartment building located at 6700 Dow Avenue in the Metrotown area of Burnaby has sold. The 1968 walkup apartment building is located on a 9,118 SF site that has future high density development potential under the Metrotown Plan.

Sale details:

• $3,300,000
• 3.0% cap rate
• $330,000 per unit

The property was listed and sold the Blair McEvay team at Marcus & Millichap.

A 20-unit building at 35 East 16th Avenue in Mount Pleasant has traded in a $6,750,000 deal. Sale details include:

• $336,250 per unit
• 3.3% cap rate

The 2026 assessment value of the property is $6,172,000, down from a peak in 2023 of $7.3 Million.

The property was listed and sold by Marcus & Millichap. The original list price for the property was $8,700,000.

A 20-unit building known as Capri Aparments and located at 520 North Nanaimo Street in the Grandview-Woodland area of East Vancouver has sold for $5,200,000 to New Chelsea Housing Society.

Details:

• 3-storey walkup built in 1969
• 12,319 SF site area
• 20 units (one bachelor, 18 one-bedrooms, one two-bedroom)
• 20 underground parking spaces
• $260,000 per unit

The building was sold by Dan Schulz and Chris Winkers of Macdonald Realty.

The 2026 assessment value of the property is $5,472,000.

A single-tenant TD Bank property located at 3960 Francis Road in Richmond has sold.

Details:

• 4,260 SF
• Leased until 2029 (1 x 5 years renewal option)
• $52.50 per SF NNN
• Sold for $5,250,000
  • $1,232/SF
  • 4.5% cap rate

The property had been listed for sale for $5,590,000.

The listing agent for the property was Marcus & Millichap.

A two-storey retail and office plaza at Burrard and West 3rd has sold. The site at 1855 Burrard Street is 12,311 SF and designated within the Broadway Plan for up to 20-storeys, 6.50 FSR.

The existing building is 9,756 SF and was built in 1988. Tenants include Waypoint Insurance and a Sushi restaurant. It includes 24 parking stalls.

Details of the sale:

• Purchase Price: $10,700,000
• Cap Rate: 3.7%
• Price per SF: $1,096 per SF
• Price per buildable SF: $134 (based on 6.50 FSR)

The building was listed and sold by Avison Young: https://d3k1yame0apvip.cloudfront.net/v2/client-10/082c2f525f5d6da/BurrardSt1855_WEB.pdf

This property sold previously in 2015 for $15,000,000 and then re-traded in 2018 for $25,000,000.