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North Vancouver 0.45-acre commercial site sells for $7 million

Rare Pemberton Avenue retail site, where OCP suggests light industrial future, sold for $1.2 million over assessed value and $500,000 over its list price.
Avison Young, Vancouver, for Western Investor
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Avison Young, Vancouver, for Western Investor

Property type: Land

Location: 135 Pemberton Avenue, North Vancouver, B.C.

Building size: 5,000 square feet (retail)

Land size: 20,020 square feet

Land size in acres: 0.459 acres

Zoning: C6 (Official community plan: light industrial commercial)

B.C. Assessment Value: $5.8 million

List price: $6.5 million

Sale price: $7 million

Date of sale: August 3, 2021

Brokerage: Avison Young Commercial Real Estate, Vancouver.

Broker: Stuart Wright