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.

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.

Key Deal Metrics

• Sale Price: $2,895,000
• Cap Rate: 4.9%
• Price per Unit: $289,500
• Lot Area: 6,229 sq. ft.
• Zoning: RM-3

The property was listed and sold by NAI Commercial: https://naiapartments.ca/property/1035-west-12th-ave/

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.

Property Highlights

• Units: 14
  • 10 × 1‑bedroom
  • 4 × 2‑bedroom
• Lot Size: 9,148 SF
• Zoning: RM‑4 (Multiple Dwelling)
• Parking: 6 covered stalls
• Amenities: Two locker rooms (14 lockers), shared laundry (1 washer + 1 dryer)

The property was listed and sold by Chris Hayne and Billy Yang: https://www.royallepage.ca/en/property/british-columbia/vancouver/2250-york-avenue/26947768/

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.

Sale Details

• Sale Price: $55,000,000
• Retail GLA: 40,996 SF
• Price per Sq. Ft.: $1,342
• Cap Rate: 5.30%
• Seller: Brookield
• Buyer: Aquilini