Prime Development Opportunity in Central Lonsdale

130 12th St W, North Vancouver, BC V7M 1N3, Canada
130 West 12th Street
25,221  SF Lot



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

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


Price: SOLD
Property Size: 25,221
SF Lot
Lot Size: 25,221
Property Type: Development, Multifamily
Property Status: Sold
Current Zoning: RM-1
Future Zoning: RM-5 (1.6 FSR base + 1.0 FSR bonus)
Potential Density: 65,575 SF