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Hollyburn Medical Centre 575 16th St 37,192 SF 95% Leased Retail Building West Vancouver, BC V7V 4Y1 $27,799,318 USD ($747.45 USD/SF) 2.79% Cap Rate

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Investment Highlights

  • Prime corner location in Ambleside Village with excellent visibility and accessibility.
  • Rare strata conversion potential for future owner-occupier sales.
  • 91 underground parking stalls for clients, patients, and retail visitors.
  • Strong tenant roster including TD Bank, Rexall, and LifeLabs, providing stable income.
  • Surrounded by established residential neighborhoods supporting long-term medical demand.
  • Walkable location with a 96 Walk Score and proximity to waterfront amenities.

Executive Summary

Cushman & Wakefield ULC is pleased to present a rare opportunity to acquire an income-producing, stratified medical office property in the heart of Ambleside Village, West Vancouver. The Property, comprising Phase 1 and Phase 2, is located at 575 16th Street, 520 17th Street, and 1685 Marine Drive, offers a diverse roster of established tenants, including TD Bank and Rexall, alongside premier medical practices and LifeLabs. The property features value-add upside through lease up of current vacancy coupled with secure cash-flow from national and long-term medical tenants, while also offering, while also offering flexibility for potential strata sales to owner-occupiers looking to secure a premium medical asset. Opportunities to acquire stratified medical office properties of this scale, tenant quality, and prime location are exceptionally rare in West Vancouver.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
37,192 SF
Building Class
B
Year Built/Renovated
2000/2004
Price
$27,799,318 USD
Price Per SF
$747.45 USD
Cap Rate
2.79%
NOI
$775,455 USD
Percent Leased
95%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.11
Lot Size
0.77 AC
Zoning
CD22 - Commercial
Frontage
54’ on 16th Street

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Dr C Long
  • -
  • -
  • -
  • -
  • Dr C M Isbister
  • -
  • -
  • -
  • -
  • Dr E Nigel Bridgman
  • -
  • -
  • -
  • -
  • Dr Nigel G Walton Inc
  • -
  • -
  • -
  • -
  • Health Care and Social Assistance
  • -
  • -
  • -
  • Retailer
  • -
  • -
  • -

For over 120 years, Rexall has been a trusted name in Canadian healthcare, dedicated to caring for Canada’s health, one person at a time. With pharmacies across the country, their team of employees is here to support every health journey of patients and customers. Rexall’s legacy of serving people in Canada spans over a century, evolving from apothecary-style drugstores to the modern pharmacies proudly serving communities nationwide today. At Rexall, pharmacy is more than their business - it’s their passion and purpose. They are dedicated to supporting the health and wellness of Canadians with care that extends beyond the pharmacy counter. As trusted partners in each patient’s wellness journey, Rexall is committed to improving health outcomes and elevating the quality of everyday life.

  • North Shore Medical Imaging
  • Health Care and Social Assistance
  • -
  • -
  • -
  • Retailer
  • -
  • -
  • -

For over 120 years, Rexall has been a trusted name in Canadian healthcare, dedicated to caring for Canada’s health, one person at a time. With pharmacies across the country, their team of employees is here to support every health journey of patients and customers. Rexall’s legacy of serving people in Canada spans over a century, evolving from apothecary-style drugstores to the modern pharmacies proudly serving communities nationwide today. At Rexall, pharmacy is more than their business - it’s their passion and purpose. They are dedicated to supporting the health and wellness of Canadians with care that extends beyond the pharmacy counter. As trusted partners in each patient’s wellness journey, Rexall is committed to improving health outcomes and elevating the quality of everyday life.

  • Health Care and Social Assistance
  • -
  • -
  • -

Welcome to West Van Family Dental where we can help you maintain your healthy, happy smile .Our experienced and professional team is committed to providing the local community of West Vancouver and North shore with general, Family, preventive, in a caring and comfortable environment. Good dental habits can positively affect overall health, so the dentists and professional staff value their roles in helping patients maintain and improve their total wellness. In West Van Family Dental we perform all aspects of General Dentistry including Invisalign and Orthodontics, Cosmetic and Family dentistry, Regular check ups and cleaning, Implant, Fillings, Crown, Veneers, Root canals, Extraction, Oral and Nitrous oxide Sedation for kids and IV sedation for adults.

  • West Vancouver Skin Care
  • -
  • -
  • -
  • -
Tenant Industry SF Occupied Rent/SF Lease End
Dr C Long - - - -
Dr C M Isbister - - - -
Dr E Nigel Bridgman - - - -
Dr Nigel G Walton Inc - - - -
Health Care and Social Assistance - - -
Retailer - - -
North Shore Medical Imaging Health Care and Social Assistance - - -
Retailer - - -
Health Care and Social Assistance - - -
West Vancouver Skin Care - - - -

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1645A
  • 1,263 SF
  • Retail
  • -
  • Now

Street level unit with high visibility and prime retail frontage on Marine Drive. The premises was previously operated as a wealth management office however, the zoning permits a wide variety of uses.

  • 201
  • 2,591-6,818 SF
  • Office
  • -
  • Now

*demisable to 2,591sf & 4,227sf

  • 207
  • 2,755 SF
  • Office
  • -
  • Now

Flexible office space with several demising options available to cater to your business needs.

Space Size Space Use Position Available
1645A 1,263 SF Retail - Now
201 2,591-6,818 SF Office - Now
207 2,755 SF Office - Now

1645A

Size
1,263 SF
Space Use
Retail
Position
-
Available
Now

201

Size
2,591-6,818 SF
Space Use
Office
Position
-
Available
Now

207

Size
2,755 SF
Space Use
Office
Position
-
Available
Now

1645A

Size 1,263 SF
Space Use Retail
Position -
Available Now

Street level unit with high visibility and prime retail frontage on Marine Drive. The premises was previously operated as a wealth management office however, the zoning permits a wide variety of uses.

201

Size 2,591-6,818 SF
Space Use Office
Position -
Available Now

*demisable to 2,591sf & 4,227sf

207

Size 2,755 SF
Space Use Office
Position -
Available Now

Flexible office space with several demising options available to cater to your business needs.

Walk Score®
Walker's Paradise (97)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

F45 Training, Inc.
Anytime Fitness
CrossFit
Td Canada Trust
Royal Bank of Canada
Scotiabank
BMO
CIBC
The Bar Method
Starbucks
  • Listing ID: 39309966

  • Date on Market: 2/3/2026

  • Last Updated:

  • Address: 575 16th St, West Vancouver, BC V7V 4Y1

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