Property Overview

  • Status
    Sold
  • Address
    Cheryl Manor & Shelley Court
    210 & 230 East 2nd Street
    North Vancouver, BC
  • Neighbourhood
    Lower Lonsdale
  • # of Units
    64
  • # of Storeys
    3
  • Year Built
    1969
  • PID
    015-077-543 | 015-077-535
  • Lot Size
    47,794 SQFT
  • Zoning
    RM-1
  • Price
    Please Contact Listing Agents
  • Adjacent apartment buildings situated on over an acre of land in the heart of North Vancouver’s Lower Lonsdale neighbourhood.

    Opportunity

    Acquire 100% freehold interest in two exceptionally maintained, identical, and adjacent apartment buildings situated on approximately 48,000 sf of medium density designated land in the heart of North Vancouver’s highly sought
    after Lower Lonsdale neighbourhood. The two buildings are comprised of

    64 authorized residential rental units, and the property boasts approximately 400’ of frontage on East 2nd Street. This investment opportunity will appeal to apartment investors seeking secure and stable cash flow in one of the Lower Mainland’s hottest rental markets. It also presents an extremely rare future redevelopment opportunity in one of the fastest growing and land locked markets in the region.

    Location

    • Lower Lonsdale neighbourhood of North Vancouver
    • Northeast corner of East 2nd Street and St. Georges Avenue
    • Property extends approximately 400 feet along the north side of East 2nd Street
    • One block east of Lonsdale Avenue
    • Five minute walk south to the Seabus Terminal in the Lonsdale Quay

    Investment Highlights

    • Two (2) adjacent apartment buildings situated on over an acre of RM-5 designated land
    • Total of 64 residential rental units with a desirable suite mix
    • North Vancouver vacancy rate is 0.4% (CMHC, October 2015); secure and stable cash flow
    • Property is professionally managed by Gateway Property Management P Meticulously maintained with major capital upgrades recently completed P Exceptional location with a very high walk score; 88/100
    David Venance
    Executive Vice President

    David Venance

    Property Location