Multifamily
Lord Nelson Place Apartments
309 3rd St W, North Vancouver, BC V7M 1G3
Listing Price: $16,400,000
Investment Overview
Opportunity to purchase a 41 unit apartment building, located in the highly desirable Lower Lonsdale neighbourhood, with a strong going-in cap rate and development potential.
Lord Nelson Place Apartments
Investment Highlights
- The property offers a strong going-in cap rate (3.42%) with significant room to increase rents upon turnover of the excellent suite mix
- The property offers an unmatched location, being steps from the Lonsdale Quay, Seabus terminal, Shipyards District, and an array of trendy shops, cafes, and restaurants.
- The large 24,000 sf lot allows long term development potential, with the current official community plan allowing redevelopment up to 6 storeys and 2.6 FSR.
- North Vancouver continues to see steady population growth and a diverse employment base, with nearly half of residents living in rental housing—supporting strong and resilient rental market fundamentals
Exclusively Listed By
Listing Price: $16,400,000
Investment Highlights
- The property offers a strong going-in cap rate (3.42%) with significant room to increase rents upon turnover of the excellent suite mix
- The property offers an unmatched location, being steps from the Lonsdale Quay, Seabus terminal, Shipyards District, and an array of trendy shops, cafes, and restaurants.
- The large 24,000 sf lot allows long term development potential, with the current official community plan allowing redevelopment up to 6 storeys and 2.6 FSR.
- North Vancouver continues to see steady population growth and a diverse employment base, with nearly half of residents living in rental housing—supporting strong and resilient rental market fundamentals
Investment Overview
Opportunity to purchase a 41 unit apartment building, located in the highly desirable Lower Lonsdale neighbourhood, with a strong going-in cap rate and development potential.
Exclusively Listed By
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