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Prime Development Opportunity in Central Lonsdale

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

25,221 SF Lot

$18,900,000.00
  • 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

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Video

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

Details

Updated on May 12, 2022

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

Additional Details

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