A new rezoning application has been submitted for 486 West 26th Avenue a 10,131 SF lot at the Southeast corner of West 26th and Cambie. The application, entitled “Cambie Nexus” proposes a 12‑storey concrete rental residential tower with ground‑floor community‑serving retail.

The site was previously approved for a 6-storey, 29-unit condo project that never moved forward.

Project Snapshot

Key Stats From the Application:

• Total residential units: 52
• Unit mix:
  • 27 one‑bedroom
  • 19 two‑bedroom
  • 6 three‑bedroom
• Density (FSR): 4.91 FSR
• Building height: 12 storeys (approx. 145’)
• Parking: 18 off‑street vehicle stalls

The architect for the project is Wilson Chang Architect Inc.

The site was acquired for $11,950,000 in 2018, which equates to $240 per buildable SF based on the current application.

Rezoning applications have been submitted for the Regency Toyota site and adjacent property at 401 and 421 Kingsway in the Mount Pleasant area of East Vancouver.

The applications call for a rental tower and condo tower under the guidelines in the Broadway Plan.

Details:

401 Kingsway

• 12-storey condo building;
• 100 condo units;
• 4.4 FSR;
• 133 ft. building height
• Auto dealership on main floor.

421 Kingsway

• 24-storey rental tower (20% below market);
• 253 units
• 7.99 FSR density
• 239 ft. building height

The architect under both applications is StudioOne Architecture.

A multi-tenant streetfront commercial building known as Langley Business Plaza has sold. The property, at 20644 Fraser Highway, is leased to Pharmasave and a number of local businesses.

The 11,500 SF building was built in 1989 and is located on a 20,100 SF site and includes 23 surface parking stalls.

Sale details:

• $6,250,000
• $543 per SF

A 2-storey retail and apartment building on a 25 ft. lot on West 4th in Kits has sold. 1823-1825
West 4th Avenue had been listed for sale for $3,680,000, and sold for in December 2025.

The building has a rentable area of 3,912 SF and sits on a 2,784 SF lot (25 x 113).

The ground floor is leased to a local furniture store.

Sale details:

• $3,300,000
• $844 per SF

The 2026 assessment value is $3,488,000.

The property was listed and sold by Barb Burrows of Macdonald Commercial.

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.