Overview
357 West 4th Street is a clean and well-maintained three-storey plus penthouse apartment building centrally located in North Vancouver’s highly desirable Lower Lonsdale neighbourhood. The 12-suite building was built in 1957 and offers a balanced unit mix with 5 one-bedroom and 7 two-bedroom suites.
The 8,400 SF (70′ × 120′) lot is zoned RM-1 Medium Density Apartment, and designated Residential Level 5 in the City of North Vancouver OCP. The designation allows mid-rise apartment buildings up to 2.6 FSR with density bonuses.
Highlights of the building include surface parking (5 stalls), 2 sets of washer/dryers (leased), immaculate common areas, large suites with many updates and ocean views from the upper level penthouse. The building has had ongoing maintenance over the years including new hot water tanks in 2023, windows partially done in 2022, new boilers in 2021 and new roof in 2018.
Official Community Plan
Residential Level 5 OCP designation envisions mid-rise apartment buildings up to 2.6 FSR including a 1.0 FSR density bonus. There is no charge for bonus density for 100% rental projects.

Location
357 West 4th Street is located in the heart of Lower Lonsdale, on the south side of West 4th Street, just east of Forbes Avenue. The property lies approximately two and a half blocks west of Lonsdale Avenue, placing it within walking distance of Lonsdale Quay, the Shipyards District, and Waterfront Park.
This prime location offers convenient access to a wide range of shops, restaurants, breweries, cafes, and recreational amenities. Lower Lonsdale is well served by transit, ensuring easy connections throughout the North Shore and into Downtown Vancouver.
Suite mix
| No. units | Average size | Average rent | |
|---|---|---|---|
| 1 bedroom | No. units5 | Average rent$1,891 | |
| 2 bedroom | No. units7 | Average rent$2,362 |
Financials
| Financing | Treat as clear title | |
|---|---|---|
| Assessment 2025 | Land Building Total | Land$3,907,000 Building$906,000 Total$4,813,000 |
| Taxes 2024 | $15,335 | |
| Income and expenses | Gross income Vacancy Effective gross Operating expenses Net operating income | Gross income$316,676 Vacancy(1,583) Effective gross$315,093 Operating expenses(69,300) Net operating income$245,793 |
| Notes | For a rent roll and expense statement, please contact listing agent. | |
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
Ian Brackett
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
Ian Brackett
Goodman Commercial Inc.
560–2608 Granville St
Vancouver, BC V6H 3V3
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