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All Property Sizes

  • All Property Sizes
  • Less than 1,000
  • 1,000 to 5,000
  • 5,000 to 10,000
  • 10,000 to 30,000
  • 30,000 to 50,000
  • 45,000 to 50,000
  • 50,000+

Price Range: From to

  3. Prime Development Opportunity in Central Lonsdale

Prime Development Opportunity in Central Lonsdale

130 12th St W, North Vancouver, BC V7M 1N3, Canada

25,221 SF Lot

Sold
  • Description
  • Address
  • Details
  • Features
  • Video

Description

The Red Lion

Lee & Associates Vancouver is pleased to present the exclusive opportunity to acquire the Red Lion Apartments, an exceptional three-storey multi-family rental building in the highly desirable Central Lonsdale neighbourhood in the City of North Vancouver. The Red Lion is strategically located on a quiet tranquil residential street, just one block from the main Lonsdale Corridor and the epicentre of Central Lonsdale. This 33-unit apartment building, built in 1965, has been well cared for, offers an abundance of on-site storage, parking, and is serviced by an internal elevator. This property has exceptional potential in rental upside and future redevelopment opportunity.

Investment Highlights

  • Exceptional Central Lonsdale location
  • Over 25,000 SF of prime redevelopment site
  • Rental income upside
  • Free and clear title
  • Advantageous new CMHC purpose-built rental housing financing

Video

Address

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  • Address: 130 West 12th Street
  • City: North Vancouver
  • Province: British Columbia
  • Postal Code: V7M 1N3
  • Country: Canada

Details

Updated on February 14, 2023

  • Property Size: 25,221 SF Lot
  • Land Area: 25,221.00 SF
  • Year Built: 1965
  • Property Type: Multifamily, Development
  • Property Status: Sold

Additional Details

  • Current Zoning: RM-1
  • Future Zoning: RM-5 (1.6 FSR base + 1.0 FSR bonus)
  • Potential Density: 65,575 SF