A single-storey retail building in West Vancouver’s Ambleside Village sold in April 2026 for $9,500,000.

Key Details:

• Sale Price: $9,500,000
• Price/SF: $1,418
• Building Size: 6,700 SF
• Lot Size: 12,109 SF
• Cap Rate: 2.75%

The property at 1802 Marine Drive is a corner site at Marine Drive and 18th Street in Ambleside Village, one of the most tightly held retail corridors in Metro Vancouver. Built in 1966, the single-storey building sold vacant, with the transaction recorded as a fee simple transfer in April 2026. The site is zoned AC2 (Ambleside Centre Zone 2) and falls within the Ambleside Village Centre OCP designation, which supports future mixed-use redevelopment.

The property last traded as part of a two-lot assembly that had been marketed by Cushman & Wakefield as 1802–1814 Marine Drive, a 6,872 SF fully leased retail complex occupied by Sleep Country and S.T. Arts. The sale price reflects the premium that Ambleside commands — Marine Drive has consistently produced some of the highest retail prices per square foot in Metro Vancouver, with recent transactions along the corridor ranging from just under $900 to over $1,900 per square foot.

The property is located in West Vancouver, at the corner of Marine Drive and 18th Street in the Ambleside neighbourhood.

A multi-tenant automotive retail property at 5948 200th Street in Langley has sold for $3,450,000.

The 9,090 SF single-storey building was constructed in 1961 on a 19,863 SF (0.46 acre) C-2 zoned site with 79 feet of frontage on 200th Street. The building is demised into three units, all leased to automotive tenants on triple net leases, including Langcity Brake & Muffler.

Details:

• Purchase Price: $3,450,000
• Price per SF: $380
• Cap Rate: 4.9%
• Building Size: 9,090 SF
• Site Area: 19,863 SF 

The purchaser is Triple A Custom Homes Ltd., a Richmond-based builder — a buyer profile that may suggest longer-term redevelopment interest beyond the current income stream. The property is located one block south of the Willowbrook Shopping Centre node and approximately 750 metres from the future Langley City Centre SkyTrain station, currently under construction with completion expected in 2029.

The $380/SF result sits below the $543/SF achieved in January 2026 on Langley Business Plaza — a multi-tenant Pharmasave-anchored building on nearby Fraser Highway — though the automotive subtype and older vintage account for the discount. The 4.9% cap rate is consistent with recent suburban Fraser Valley retail transactions, which have generally traded in the 4.9%–5.3% range for fully leased product.

The sale was brokered by Goodman Commercial Inc.

A single-tenant streetfront retail building at 1047 Denman Street in Vancouver’s West End has sold for $3,420,000 — or $1,966 per square foot — in what is one of the highest $/SF results recorded for a small-format retail property in the neighbourhood.

The 1,740 SF single-storey building, constructed in 1954, sits on a 2,178 SF (32 x 66 foot) C-5 zoned lot in the heart of Denman Village, steps from English Bay and Stanley Park. The property was fully occupied at the time of sale by Sushi Aboard, with a lease running through August 2029. The reported NOI was $70,013, implying a going-in yield of approximately 2.0%.

Details:

• Purchase Price: $3,420,000
• Price per SF: $1,966
• Building Size: 1,740 SF
• Tenant: Sushi Aboard
• Lease Expiry: August 2029
• NOI: $70,013

The sale price exceeded the $3,295,000 asking price, reflecting the competitive demand for freehold retail properties in high-traffic West End locations. Denman Street’s pedestrian traffic, tourism exposure, and position within Vancouver’s most densely populated neighbourhood support the significant premium.

The West End Community Plan designates Denman Village for mixed-use development up to 2.2 FSR and 60 feet in height, providing potential longer-term redevelopment optionality for the purchaser beyond the current income stream.

The sale was brokered by Sheldon Scott and Arjen Heed of Sitings Realty.

A rezoning application has been filed to redevelop 3696 Kingsway, a Telus ‘Central Office’ at the Southwest corner of Boundary and Kingsway that has housed telecommunications equipment for many years.

The application by LPI Management (Ledcor), seeks to rezone the site from C-2 to allow:

• 233 rental units;
• 10,100 SF of retail space;
• a 2-storey telecommunications facility;
• a total density of 6.43 FSR

The full application can be viewed at shapeyourcity.ca/3696-kingsway.

The architect for the project is Arcadis.

A freestanding single-storey corner retail building at 4205 Dunbar Street in Vancouver has sold for $5,250,000, or $1,144 per square foot. The property, which most recently operated as an RBC Royal Bank branch, sits on the corner of Dunbar Street and West 26th Avenue in the heart of Dunbar Village.

• Sale Price: $5,250,000
• Price per Sq. Ft.: $1,144
• Cap Rate: Not disclosed
• Building Area: 4,588 SF
• Lot Area: 5,314 SF (43.05′ × 123′)
• Year Built: 1990
• Zoning: C-2 Commercial

The deal was brokered by Marcus & Millichap. The property had been listed at $5,750,000.

The building was offered vacant and had been marketed for both sale and lease, with a proposed net rent of $60.00 PSF and estimated additional rent of $22.00 PSF, suggesting an investor or owner-user play rather than a straightforward income acquisition.