Polygon has submitted a rezoning application for a 2.8 acre site in the Burquitlam area of Coquitlam. The site is currently an assembly of 18 single family homes that are zoned RS-1 and RS-3.

The overall development would be divided into two sites that would be developed under two separate partnerships. The two sites are entitled ‘Cardinal’ and ‘Burquitlam East’. The two sites would include a total of three 6-storey buildings.

Details of the overall proposal include:

• 278 condo units;
• a total density of 2.3 FAR;
• 207 underground parking stalls in the first phase (Cardinal);
• $1,981,000 in DCC’s from Cardinal, $746,000 in CACs overall.

The architect for the project is Integra Architecture.

A 2-storey retail and aparment building on a prime stretch of West 4th Avenue has sold for $8,800,000. The building at 2041 West 4th is located on a 50 ft. lot and is zoned C-2B. The ground floor retail is currently leased to Turf for the next 6 years. The upstairs consists of two higher end rental units.

The sale price equates to $1,050 per SF for the building.

A virtual tour of the Property can be viewed here: https://fraserelliott.com/2041-w-4th-avenue-vancouver/

I am pleased to present the opportunity to acquire a fully leased auto dealership on Main Street.

Address: 

4575 Main Street, Vancouver BC

Property Features:

• Prime Single Tenant Retail Investment Opportunity at Land Value
• Quality Covenant: National Auto Dealer Tenant
• 5-Year Lease with Two Five Year Renewal Options
• Quality Improvements with Recent Renovations 
• Over 277 feet of frontage at the corner at Main Street and East 30th Avenue 
• 25,341 SF, C-2 zoned site in Mature, Stable Neighbourhood
• Excellent opportunity for future 6-storey rental development under C-2 zone
• Demolition option within first renewal term

Asking $23,000,000, going-in 3.9% cap rate, increasing to 4.25% with rent bumps.

Please contact me for further details.