365 Residences
365 East 2nd Street, North Vancouver
$33,200,000

Overview
365 Residences is a newly constructed, six-storey apartment building located in the heart of North Vancouver’s vibrant Lower Lonsdale neighbourhood. Completed in 2023, this well-designed building comprises 42 suites across 28,937 SF of rentable area, offering a balanced unit mix of one-, two-, and three-bedroom homes, many of which include spacious dens. The property sits on a 12,000 SF lot, just two blocks north of Esplanade and the North Vancouver waterfront.
Each suite is outfitted with modern, energy-efficient appliances, including in-suite laundry and dishwashers. Two fully furnished guest suites provide an additional source of revenue. Upper-level suites enjoy sweeping southern views over Burrard Inlet toward Downtown Vancouver.
The property is secured with attractive CMHC financing, featuring an approximate balance of $21 million at a 2.75% interest rate, maturing in May 2029. A share purchase option is available.
Location
365 Residences is situated in one of North Vancouver’s most sought-after neighbourhoods—the heart of Lower Lonsdale. Positioned on the south side of East 2nd Street, just west of St. Patrick’s Avenue, the property enjoys a prime location within easy walking distance of Lonsdale Quay and the vibrant Shipyards District.
This dynamic area offers immediate access to a wide array of retail amenities, parks, recreational facilities, restaurants, breweries, and trendy cafes. Residents also benefit from excellent transit connections, providing seamless access across the North Shore and into Downtown Vancouver.
Suite mix
No. units | Average size | Average rent | |
---|---|---|---|
1 bedroom | No. units3 | Average size500 SF | Average rent$2,138 |
1 bedroom & den | No. units15 | Average size554 SF | Average rent$2,877 |
2 bedroom | No. units20 | Average size749 SF | Average rent$3,353 |
3 bedroom | No. units4 | Average size1,038 SF | Average rent$4,136 |
Financials
Financing | The property has attractive CMHC debt with an approx. $21 million balance at 2.75%, maturing in May, 2029. | |
---|---|---|
Assessment 2025 | Land Building Total | Land$5,612,000 Building$16,704,000 Total$22,316,000 |
Taxes 2024 | $84,217 | |
Income and expenses | Gross income Vacancy Effective gross Operating expenses Net operating income | Gross income$1,669,451 Vacancy(8,347) Effective gross$1,661,103 Operating expenses(349,844) Net operating income$1,311,260 |
Notes | This property is listed with Nemark Canada. |
The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by Goodman Commercial.
Contact
Megan Johal
Personal Real Estate Corporation
megan@goodmanreport.com
(604) 537 8082
Mark Goodman
Personal Real Estate Corporation
mark@goodmanreport.com
(604) 714 4790
Yashar Khalighi
(Nemark Canada)
Personal Real Estate Corporation
Goodman Commercial Inc.
560–2608 Granville St
Vancouver, BC V6H 3V3
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Contact
Megan Johal
Personal Real Estate Corporation
megan@goodmanreport.com
(604) 537 8082
Mark Goodman
Personal Real Estate Corporation
mark@goodmanreport.com
(604) 714 4790
Yashar Khalighi
(Nemark Canada)
Personal Real Estate Corporation
Goodman Commercial Inc.
560–2608 Granville St
Vancouver, BC V6H 3V3
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