The subject property is a 15-suite wood frame walk-up apartment building located in North Vancouver’s Lower Lonsdale neighbourhood. Built in 1978, the building features secure underground parking and an excellent suite mix of all two bedroom units (11 of which are spilt level). The suites are spacious with some offering ocean views. Tenants pay for electric heat and hot water.
The subject is located in North Vancouver’s Lower Lonsdale neighbourhood, between 5th and 6th Streets on Lonsdale Avenue. This location offers convenient access to Downtown Vancouver westbound on West 3rd to the Lions Gate Bridge via Marine Drive, as well as north access along Lonsdale Avenue to the Upper Levels Highway. The Lonsdale Quay Market and Sea Bus are all within walking distance.
-Each level has its own entrance
-Some suites offer ocean views from the living room
-Each suite is individually metered for hydro, and contains electric heating baseboards
-Secure underground parking for 15 cars; 3 surface stalls
-All the suites are two bedroom and offer balcony or patio
-Split level suites split levels feature bathroom and bedrooms on first level and living room and kitchen on second level
-Each suites contains as an electric hot water tank installed in the storage room
|Two Bedroom||No. units15|
|Financing||Treat as clear title.|
|Income and expenses|
Net operating income
The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by Goodman Commercial.