Kira Liu and I are pleased to announce the completion of sale of our listing at 3155 Kingsway, a fully-leased 3-storey retail and apartment property in East Vancouver.
A retail and apartment property at 4041 200th Street in Langley, known as Brookswood Professional Center, has traded hands. The property is situated a one acres in the Brookswood‑Fernridge area, and includes two buildings with retail and apartment use, one built in 1976 and the other built in 2011.
Sale Details
- Sale Price: $11,200,000
- Building Size: 28,399 SF
- Retail: 10,419 SF (seven CRUs)
- Apartments: 16 units
- Price per Sq. Ft.: $394
- Lot Size: 41,600 SF
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:
- 12-storey condo building;
- 100 condo units;
- 4.4 FSR;
- 133 ft. building height
- Auto dealership on main floor.
- 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
