The subject property is an irregular shaped corner site improved with a single-storey building in North Vancouver’s prestigious Edgemont Village neighbourhood. An excellent opportunity to redevelop as a mixed-use residential/commercial complex. Download brochure by clicking here.
The OCP allows for a height of at least 3-storeys within the Edgemont Village core — the exact heights and uses would vary and be subject to a case-by-case approval through a rezoning process. An approx. 1.5 FSR could be anticipated.
The property is located in the Edgemont Village neighbourhood of the District of North Vancouver, which is an established commercial node with bustling retailers and office tenants. Recently, the area has seen an increase in demand for commercial premises with new developments catering to the local market. Specifically, the site is located on the corner of Newmarket Drive and West Queens Road, one block away from Edgemont Boulevard and all the great restaurants, banks, grocery stores, cafe’s, high school and other amenities. Close to Murdo Frazer Park/Golf Course and the Upper Levels Highway.
Built in circa 1959, the subject is improved with a single storey 1,744 sq. ft. building with paved onsite parking currently vacant.
|Financing||Treat as clear title.|
|Income and expenses|
Net operating income
Net Operating Income$65,000
The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by Goodman Commercial.