Commercial Land for Sale or Lease

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8091 Capstan Way
West Cambie Richmond V6X 1R4

$28,000,000
Land Commercial, Multi-Family Commercial

View of apartment building / complex with a city view
Status:
Active
Prop. Type:
Land Commercial, Multi-Family Commercial
MLS® Num:
C8074050
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.
Sale Type:
Asset
Ownership:
Freehold
Property Type:
Land Commercial, Multi-Family Commercial
Lot Area:
1.07 acre(s)
Acres Freehold:
1.07 acre(s)
Zoning:
RCL5
Potential to Redevelop:
Approved Land Use 3.65 FSR, 169,390 buildable sq.ft., No
Electricity:
No
Services Connected:
Fully Serviced
Sewer:
Public Sewer
Env Assmt Comment:
see data room
Parcel Number:
031679056
Taxes:
$187,800 / 2025
No
Water Supply:
Public
Water Rights:
No
Potential to Redevelop:
Approved Land Use 3.65 FSR, 169,390 buildable sq.ft., No
Env Assmt Phase:
Yes
Original Price:
$28,000,000
  • Photo 1: 8091 Capstan Way, Richmond
    View of apartment building / complex with a city view
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Listed by Cushman & Wakefield ULC
Data was last updated November 27, 2025 at 04:40 PM (UTC)
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The data relating to real estate on this website comes in part from the MLS® VOW program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB), the BC Northern Real Estate Board (BCNREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB, the BCNREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB, BCNREB or the CADREB.
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Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.