Listing Watch — A308 4899 Vanguard Road, Richmond, Reduced to $1,993,999

What changed

• Previous asking: $2,049,000, about $503 per sq. ft.
• New asking: $1,993,999, about $489 per sq. ft.
• Reduction: $55,001. MLS C8081449.
• Nothing else has changed. The unit is owner-occupied, and possession timing can be discussed with a qualified buyer.

The unit

Unit A308 is on the third floor of Building A. It is 3,148 sq. ft. of open warehouse under 22-foot ceilings, plus a 926 sq. ft. mezzanine at 11 feet over the entry end with an open void to the floor below. Loading is at ground level, with freight and passenger elevators in the building. Four stalls plus visitor parking. Strata fee $1,078.92 per month; property tax $17,683.36 per year. Zoning IR-1. Plan dimensions come from the building drawings at 1/8 inch scale and should be verified on site.

The Vanguard is a newer strata complex with 22-foot clear warehouse ceilings, ESFR sprinklers and generous glazing, close to Shell Road, Knight Street and Highway 99, with quick access to the East-West Connector and YVR.

Why the price matters now

Richmond asking rents averaged about $20.26 per sq. ft. net across the Q2 2026 brokerage reports, the highest of the large Metro Vancouver submarkets. Strata sale pricing across the region has come down from its 2022 peak. A business paying Richmond rent should run the own-versus-lease numbers on a modern unit at under $490 per sq. ft. The desk's owner-occupier guide on samuelbrahem.com walks through that comparison.

Richmond rent is the highest in the region. Owning a modern unit under $490 per sq. ft. is worth the math.

Availability

Availability and pricing are as of October 7, 2026. The full listing, video tour and floor plan are on samuelbrahem.com, and the listing is marketed by NAI Commercial. Tours can be arranged at short notice.