Property Overview

  • Status
    Sold - Pending Completion
  • Deal Status
    AVAILABLE
  • Address
    Rez-Van Apartments
    121 East 12th Street
    North Vancouver, BC
    Canada
  • Neighbourhood
    Central Lonsdale
  • # of Units
    16
  • # of Storeys
    4
  • Year Built
    2001
  • Lot Size
    7,560 SQFT
  • Zoning
    RM-1
  • Price
    $8,750,000
  • Confidentiality Agreement

  • The Opportunity

    Cushman & Wakefield ULC presents investors the opportunity to acquire 100% freehold interest in Rez-Van Apartments, located at 121 East 12th Street in the City of North Vancouver’s highly desirable Central Lonsdale neighbourhood.

    a 16-unit, purpose-built, rental apartment, The property was built in 2001 by an established local developer who has owned and operated the building since. This opportunity is an ideal, low-maintenance multifamily investment to self-manage in one of the strongest rental markets in Metro Vancouver.

    The building is fully occupied and clearly demonstrates the market rental revenue potential with some very strong recent rents, which illustrates the revenue upside to be achieved upon organic turnover of some suites over time.

     

    Location

    The Property is located on the south side of East 12th Street and one lot in from Lonsdale Avenue. The immediate area within a three block radius is an employment and amenity hub which features the Lions Gate Hospital, City Hall, The North Vancouver Fire Department, Whole Foods, Shoppers Drug Mart, Home Hardware and the North Vancouver RCMP detachment.

    David Venance
    Executive Vice President

    David Venance

    Property Location