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Pacific Canada  + Apartments  | 
Photo of area around a condo development site in Vancouver's Kerrisdale district.

Landa Acquires Kerrisdale Condo Development Site Via Court Sale

Landa Global Properties has acquired a prime condominium development site in Kerrisdale through a court-ordered sale.

The property, located at 2096 West 41st Avenue, sold for $14 million, according to Colliers.

The 18,000-square-foot site is located at the corner of West 41st Avenue and East Boulevard and was previously substantially owned by developr iFortune before a lender forced it into bankruptcy, according to multiple reports.

The sale process was overseen by the Supreme Court of British Columbia.

“Kerrisdale is one of Vancouver’s most desirable neighbourhoods, and we look forward to bringing a high-quality development to this community.” said Kevin Cheung, Landa’s CEO.

Landa has been active in Vancouver’s real estate market, with multiple projects across the city, including luxury condominiums in the downtown area and high-end residential developments in affluent neighbourhoods such as Oakridge and Shaughnessy on the city’s west side.

“We are committed to delivering thoughtfully designed homes that enhance their surroundings,” Cheung added. “We look forward to sharing more details about our plans for this site in the near future.”

Photo: West Point Grey Presbyterian Church

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Inside The Story

Kevin CheungLanda Global Partners

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

  • ◦Sale/Acquisition
  • ◦Development
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