DEAL | A 50-year-old light industrial property at 57 Lakewood Drive, Vancouver, sold June 25 for $10.5 million. Zoned C-2, the 0.55-acre site is currently home to a 21,900-square-foot warehouse. Rezoning could triple the density on the site, a fact reflected in the sale price which works out to $145 per buildable square foot at 3 FSR. The property was purchased on a two-week timeline by a prominent local developer who envisions a six-storey rental project on the site.
PRICE | $10,500,000
FROM | Mark Goodman and Ian Brackett, Goodman Commercial Inc.
