13,817 ft²Office / Medical$11,750,000Sale
13,817 ft²
Office / Medical
$11,750,000
Sale
Gord Robson
Avison Young
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Avison Young is pleased to present the opportunity to acquire a fully leased medical service-oriented strip center with prominent exposure along Lougheed Highway. The subject property is well-maintained and consists of 13,817 net rentable square footage. The site is currently zoned C-2 & CD-1-92 and is designated as Flexible Employment in the Lougheed Transit Corridor Plan. This is a great opportunity for rental income appreciation with rezoning and long-term redevelopment potential.
The Space
Asking Price$11,750,000
Available Space13,817 ft²
Net Operating Income$492,124 (2025)
ZoningC-2 (Community Commercial) & CD-1-92 (Medical Related)
SourceDirect
The Building
The subject property is located within the Lougheed Transit Corridor Area Plan, which provides a framework for growth and development in the area. Its purpose is to promote local jobs in proximity to an established transportation network and existing residential neighbourhoods. The Bus Rapid Transit (BRT) line from Langley Centre to Haney Place is enhancing transit service for the region, providing a more viable alternative to destinations across the Metro Vancouver region and reducing the need for a personal vehicle. This BRT line is anticipated to be operational by 2027. Identified as a major transit growth corridor in TransLink’s Transport 2050 plan, the Lougheed Highway corridor is primed for substantial growth. This area is poised to become a thriving hub of residential and commercial activity. - 100% fully leased, well-maintained property - New full-term leases in place - Management fee: Approximately 5.13% of the annual base rent - Identified by TransLink’s Transport 2050 as a location for future transit investment
Property TypeOffice / Medical
Building Size13,817 ft²
Lot Size1.19 AC
Up to $500K for British Columbia businesses
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