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$ 6,300,000
Est. payment | /mo
8,276 Sqft Lot
$ 6,300,000
Est. payment | /mo
8,276 Sqft Lot
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type Asset
MLS Listing ID C8068317
Year Built 1957
Lot Size 8,276 Sqft
Property Sub-Type Multi Family
Property Description
A rare chance to acquire a well-maintained 12-unit multifamily rental building located in Lower Lonsdale. This income-producing asset features a solid unit mix of 7 two-bedroom and 5 one-bedroom units. Professionally managed with strong rental history and minimal vacancy, the property currently generates over 25K monthly. Numerous upgrades have been completed, ensuring low maintenance and long-term stability. Located within a designated Residential Level 5 OCP zone, the property offers potential for increased density, with a bonus FSR of up to 2.6. A turn-key income property with future redevelopment potential in one of North Vancouver's most sought-after rental corridors.
Location
Province BC
Community Lower Lonsdale
Area North Vancouver
Zoning RM-1
Building
Story 4
Others
Ownership Freehold
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