604-662-5189
326 West 1st St, North Vancouver, BC for Sale
Apartments - FOR SALE
1/4
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326 West 1st St
North Vancouver, BC V7M 1B6


HIGHLIGHTS

  • Four-storey low-rise asset featuring 30 fully occupied rental units in a dynamic North Shore location.
  • Steps from Lonsdale Quay and SeaBus terminal, providing rapid transit link to Downtown Vancouver.
  • Positioned within a vibrant urban hub offering retail, dining, cultural amenities, and waterfront attractions.
  • Significant redevelopment potential with up to six storeys and 2.60 FSR permitted under RM-1 zoning.
  • Established income stream supported by high tenant retention and one of Metro Vancouver’s fastest-growing districts.

OVERVIEW

Seaview Apartments is a 4-storey, wood-frame multifamily rental property located in Lower Lonsdale, one of North Vancouver’s most sought-after urban communities. The asset consists of 30 suites within a highly walkable district featuring immediate connectivity to the Lonsdale Quay SeaBus terminal, providing direct and rapid access to Downtown Vancouver in just 12 minutes. This exceptional transit-oriented location enhances tenant appeal and ensures resilient rental demand. The property spans a large 17,475 SF site with RM-1 zoning, allowing for medium-density residential use and providing investors with significant long-term potential through future redevelopment. With a permitted density of up to six storeys and a 2.60 FSR, developers can capitalize on the site’s favorable designation, strong market fundamentals, and Vancouver's continued housing demand. Surrounded by a mix of retail amenities, dining destinations, and scenic waterfront attractions, Seaview Apartments offers both stable cash flow and measurable upside through appreciation and repositioning opportunities. Benefiting from 100% occupancy and located in a thriving neighborhood marked by ongoing redevelopment and strong demographic trends, this property represents a compelling investment in Metro Vancouver’s evolving urban landscape.

FOR SALE DETAILS

PRICE

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# OF UNITS

30

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Seaview Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1977

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,475 SF

ZONING

RM-1 - Medium Density Apa

APN/PARCEL ID

007-533-420

ASK ABOUT THIS PROPERTY

Angus Tone, PRECCBRE, LimitedMore Info
604-662-5189

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Angus Tone, PRECCBRE, LimitedMore Info
604-662-5189

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