Vancouver Commercial Real Estate A Vancouver Real Estate Blog


Recent Sale: 1131, 1143, 1151 Haro Street, Vancouver

The Goodmans and Owen Yates of Colliers International have recently brokered the sale of 1131, 1143 and 1151 Haro Street in the West End of Downtown Vancouver. The three properties are improved with a 12 unit rooming house, a 3 suite rental house (which is currently vacant due to a recent fire) and a 23 suite apartment building. The property is an ideal redevelopment site with good holding income that allows for 2.75 FSR and totals 17,292sf in site area. The Gross income for 2009 was $348,000, and the asking price was $8,295,000. The final selling price was $8,000,000.

1131, 1143, 1151 Haro Street Summary PDF


Recent Sale: 1938 152nd Street, Surrey

Another South Surrey sale, this time brokered by the team at MacDonald Commercial Realty including the Goodmans, is the retail commercial property located at 1938 152nd Street. The property boasts multi-family development potential (for an additional 100,000sf based on 2.5 FSR) with holding income and is located very close to the Semiahmoo Shopping Centre that recently sold. The selling price was $7,250,000 representing approximately 5.2% cap rate based on the in-place NOI of $374,100. The original asking price was $7,900,000. Total land area is 59,206 sf, with the total building area on the property measuring approximately 48,571 sf.

PDF Brochure for 1938 152nd Street


Recent Sale: 4000 Main Street, Vancouver

The fourth property in the Shell Portfolio sale is 4000 Main Street in Vancouver. The property is approximately 17,400 square feet in area, and is located on the northeast corner of Main and King Edward. The selling price for the property was $3,875,000.


Recent Sale: 1125 Denman St, Vancouver

The third property in the recent Shell Portfolio transaction was this 8600 (approx.) square foot development parcel on Denman Street in Downtown Vancouver's west end. The property is located on the northwest corner of Denman and Pendrell. The selling price for this property was $3,585,000. The total portfolio of four properties sold for $17,530,000.


Recent Sale: 1250 Lonsdale Ave, North Vancouver

The second property in the recent Shell Portfolio sale brokered by CBRE is the property located at 1250 Lonsdale Avenue in North Vancouver. The property is located on North Vancouver's main urban corridor on the cornder of Lonsdale and 13th Street and measures approximately 31,900 square feet. The selling price for this property was $6,770,000. The entire portfolio of four former Shell stations was purchased for a total price of $17,530,000.


Recent Sale: 7000 No. 3 Road, Richmond

The old Shell Gas Station site on No. 3 Road and Granville Road in Richmond, BC has finally sold. This site is comprised of two legal parcels. The site was one part of a four property portfolio from Shell Gas. This site has some contamination issues so the sale price reflects these issues. The property has an area of 32,463 square feet, and an assessed value for tax purposes of $4,375,000. The sale price on paper was $3,300,000.


Recent Sale: 3036 Gladwin Road, Abbotsford

Colliers has recently brokered the sale of a 9.615 Acre Multi-Family Development Site situated within Abbotsford’s Urban Core. The site is located at 3036 Gladwin Road in Abbotsford, BC and was a court-ordered sale. The zoning of the property is RMH, which is a residential high-rise zoning, allowing an FSR of 2.50. The property was listed for $12,000,000 and sold for $9,200,000.

See Original Colliers Brochure for 3036 Gladwin Road


Recent Sale: 8091 Park Road, Richmond

parkvillageThe Park Village Shopping Centre at 8091 Park Road in Richmond was recently sold for the price of $16,000,000. The zoning for the property is currently C-6 Commercial, but the new CCAP defines the area as T-6 Urban Core, a zoning that allows for 3.0 FSR with a 1.0 FSR Village centre bonus. The assessed value for the property is $14,494,000, with a site area of 92,713 square feet.


Recent Sale: 13583 104th & 13550 105th Ave, Surrey

surreyAvison Young recently brokered the sale of Commercial Land in the Surrey City Centre area to the City of Surrey. The Municipal government purchased the 3.472 Acre property for $8,500,000. The price represents a price per acre of $2,448,157, and a price per square foot of land area of $56.


Recent Sale: 1401 Comox Street, Vancouver

1401comoxColliers International's Unique Properties Group has successfully brokered the sale of another Church property in Vancouver, located at 1401 Comox Street. The subject property has a lot area of 17,200 square feet and was assessed for $5,661,100. The property has a St. John's United Church Building, with a total floor area of over 13,000 square feet and is zoned RM-5 Multiple Dwelling District. The asking price for the property was $4,495,000 and sold for $4,250,000.

Original PDF Brochure St. John's United Church