604-640-5871
1240 St Georges St, North Vancouver, BC for Sale
Apartments - FOR SALE
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1240 St Georges St
North Vancouver, BC V7L 3J1


HIGHLIGHTS

  • Close proximity to attractions and shopping including the Lonsdale Quay, Shipyards District, Museum of North Vancouver (MONOVA), Waterfront Park.
  • A walk or short cycle to the Seabus which connects the North Shore to downtown Vancouver.
  • Comprehensive suite renovation program undertaken as units turnover with 13 units completed to-date.
  • Walkable retail including Tim Hortons, Starbucks, Nando’s, Whole Foods, Scotiabank, TD Bank, Fitness World, Blueshore Financial and numerous others.
  • Many green spaces surround the property including Ray Perrault Park, Grand Boulevard Park, Victoria Park.
  • Short drive to get on the Trans Canada Highway which provides efficient transport around the Lower Mainland.

OVERVIEW

Harvard Apartments represents one of the highest quality assets of its vintage. The building has benefited from a proactive approach to property management, with upwards of $2,000,000 in upgrades resulting in a high-quality asset and reflecting significant pride of ownership. Along with renovations to common areas and many suites, upgrades represent a multitude of capital expenditures including elevator modernization, plumbing, fire/life safety, and paving. The Property also contains a high ratio of desirable one and two-bedroom units with balconies. Current average rents are 31% below market providing an ongoing opportunity for revenue enhancement as units turnover. The property is fully occupied and projected to provide a potential gross revenue of over $700,000 this year (2025).

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

32

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1958

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,878 SF

ZONING

RM 1

APN/PARCEL ID

008538239

ASK ABOUT THIS PROPERTY

David VenanceCushman & WakefieldMore Info
604-640-5871

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David VenanceCushman & WakefieldMore Info
604-640-5871

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.