Prime Mixed-Use Commercial Property in Edgemont Village | $5.3M Transaction

Property Overview

This two-storey mixed-use commercial building is positioned on the corner of Edgemont Boulevard and West Queens Road, offering excellent exposure to both pedestrian and vehicle traffic. The property’s layout includes ground-floor retail spaces with office and residential units on the upper level, providing a diverse income stream for investors. With its prime corner-lot location and strong tenant base, this asset was highly attractive to buyers looking for a stable, income-generating property with long-term appreciation potential.

Neighborhood Benefits

Located in the heart of Edgemont Village, one of North Vancouver’s most desirable commercial districts, the property benefits from a high-traffic retail environment and strong community engagement. Edgemont Village is known for its boutique shops, cafes, and high-end residential neighborhoods, making it a sought-after destination for both businesses and investors. The property’s proximity to the Trans-Canada Highway allows for easy accessibility, while nearby parks and recreational facilities enhance the area’s appeal.

Client Relationship and Market Strategy

The seller, Rose Young, had owned the property for decades and was looking to retire from active management. Sam and his team provided a detailed valuation and market analysis to position the property competitively. To maximize exposure, they executed a multi-channel marketing strategy, leveraging direct outreach, paid advertising, and high-visibility exposure on commercial real estate platforms. Additionally, recognizing the impact of rising interest rates on buyer confidence, the team worked closely with prospective purchasers to highlight the stability of the tenant mix and future development potential.

Market Insights

Edgemont Village continues to be one of North Vancouver’s most stable commercial markets, attracting both investors and owner-users due to its high visibility, affluent customer base, and limited commercial inventory. The area’s strong demand for mixed-use assets ensures long-term value appreciation. With rising interest rates creating market uncertainty, well-located properties with secure tenant income and redevelopment potential remain highly sought after, making this transaction a testament to the resilience of prime commercial real estate.

Conclusion

This transaction demonstrates Sam Emam and his team’s expertise in navigating complex real estate markets. Despite economic headwinds, their strategic marketing, targeted buyer engagement, and expert negotiation skills secured a successful sale at optimal pricing. The ability to adapt to market conditions and position properties effectively ensured that the seller achieved their financial goals while smoothly transitioning to retirement.

Testimonial