254 3rd St W - Apartments FOR SALE


North Vancouver, BC V7L 1E7
$10,995,000 CAD
778-998-4663
254 3rd St W, North Vancouver, BC for Sale
$10,995,000 CAD
Apartments - FOR SALE
1/13
null | Request Cap Rate

254 3rd St W
North Vancouver, BC V7L 1E7


OVERVIEW

Welcome to Greenwood Manor. Nestled in the heart of Lower Lonsdale, this well-maintained 30-unit apartment building represents a rare investment opportunity in one of North Vancouver’s most desirable rental markets. Built in 1973, the property sits proudly on a 17,988 square foot lot and offers a balanced mix of well-appointed suites, each with its own private balcony or patio. Residents enjoy the convenience of secure ground-level parking for 30 vehicles, plus 4 additional visitor stalls, 30 full-size storage lockers, a laundry room and ample in-suite storage; welcomed additions in a building of this vintage. With excellent access to nearby shops, restaurants, and the Seabus, this asset offers consistent tenant demand and solid income stability. The property’s underlying redevelopment potential; supported by its location within a rapidly evolving multifamily corridor, positions it as an ideal long-term hold with significant upside for investors or developers looking to capitalize on the continued growth of the North Shore rental market.

FOR SALE DETAILS

PRICE

$10,995,000 CAD

PRICE/SF

$524 CAD /SF

# OF UNITS

30

PRICE/UNIT

$366,500

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

1973

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,996 SF

ZONING

RM-1

APN/PARCEL ID

07-712-073

ASK ABOUT THIS PROPERTY

Chris HayneRoyal LePage City CentreMore Info
778-998-4663

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Chris HayneRoyal LePage City CentreMore Info
778-998-4663

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