This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
Prime Development Opportunity in Central Lonsdale
130 12th St W, North Vancouver, BC V7M 1N3, CanadaDescription
Address
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
Details
Price: SOLDProperty Size: 25,221 SF Lot
Lot Size: 25,221 SF
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