8091 Capstan Way 1.07 Acres of Commercial Land Offered at $28,000,000 CAD in Richmond, BC V6X 1R4

Cushman & Wakefield ULC (“C&W”) is pleased to present for sale on behalf of MNP Ltd. (the “Receiver”) a 100% interest in the 8091 Capstan Way, Richmond, BC (the “Property”). The Property features 1.065 acres of lot area and has been entitled for 169,390 sq. ft. of mixed-use density inclusive of residential condo, hotel, and ground floor retail. Strategically located in the heart of Richmond steps away from the Canada Line’s Capstan Station, the Property offers unique development scale, riverfront views, and highly accessible amenities.
The Property has been successfully rezoned to RCL5 permitting a 3.65x FAR and had a Development Permit issued in 2021 permitting 72 hotel suites, 128 market strata dwelling units, 9 affordable rental units, and 8,240 sq. ft. of ancillary commercial space. This is an exceptional opportunity to acquire a de-risked turnkey development site of scale in one of Metro Vancouver’s most transit-oriented locations.
The Property is being offered for sale by C&W through the court appointed Receiver on behalf of the first mortgage lender. All interested parties should contact the listing agents for access to the data room and further due diligence items upon execution of a non-disclosure agreement.