1629 Saint Georges Ave - Apartments FOR SALE


North Vancouver, BC V7L 3J6
$11,700,000 CAD
604-662-5141
1629 Saint Georges Ave, North Vancouver, BC for Sale
$11,700,000 CAD
Apartments - FOR SALE
1/15
null | 3.67% Cap Rate

1629 Saint Georges Ave
North Vancouver, BC V7L 3J6


HIGHLIGHTS

  • Fully redeveloped 22-unit purpose-built rental building (completed in 2013) with modern finishes and systems.
  • Spacious suite mix with larger-than-typical units, many ranging from 850 to 1,180 sq. ft., featuring open layouts and abundant natural light.
  • Strong curb appeal with distinctive timber trellis entry and professionally landscaped grounds.
  • Robust building systems including electric baseboard heating (tenant-paid), high-efficiency boilers, double-glazed windows, and a modern elevator.
  • Prime Central Lonsdale location close to Lonsdale amenities, Lions Gate Hospital, Seabus, parks, trails, and major urban conveniences.
  • Stable, fully occupied asset with proven rental performance and minimal near-term capital expenditure requirements

OVERVIEW

Saint George Place at 1629 St. Georges Avenue in North Vancouver offers a rare opportunity to acquire a fully redeveloped, 22-unit rental apartment building in the heart of Central Lonsdale. This five-storey, wood-frame property was comprehensively redeveloped in 2013, including modernization of all suites, building systems, and structural elements. Featuring a refined West Coast architectural design, larger-than-typical units, contemporary interiors, updated mechanical systems, and strong historical occupancy, the building presents a turnkey, low-maintenance investment with proven cash flow and long-term stability in one of Metro Vancouver’s strongest rental markets. Situated just two blocks east of the Lonsdale Corridor and steps from major amenities, Saint George Place benefits from exceptional walkability and transit access. The property is located near grocery stores, restaurants, retail, Lions Gate Hospital, and the upcoming Harry Jerome Community Recreation Centre. This central North Vancouver location provides quick access to both North Shore bridges, Downtown Vancouver, local parks, and outdoor recreation. The building itself offers modernized suites with open-concept layouts, private balconies, individually metered heating, updated plumbing and electrical systems, a modern elevator, double-glazed windows, and secure parking and storage—ensuring long-term operational efficiency and strong tenant appeal.

FOR SALE DETAILS

PRICE

$11,700,000 CAD

PRICE/SF

$585 CAD /SF

# OF UNITS

22

PRICE/UNIT

$531,818

CAP RATE

3.67%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Saint George Place

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

2013

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,281 SF

ZONING

CD-603

APN/PARCEL ID

010-719-504

ASK ABOUT THIS PROPERTY

Lance CoulsonCBRE, LimitedMore Info
604-662-5141

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Lance CoulsonCBRE, LimitedMore Info
604-662-5141

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