projects

Mid-Rise Development Site

North Vancouver, British Columbia
Project Status: Current

Project Agents:

Stephen A. Knight

Personal Real Estate Corporation
Sitings Realty Ltd.

stephenk@sitings.ca | 604.628.2575
Nancy Bayly

Personal Real Estate Corporation
Sitings Realty Ltd.

nancy@sitings.ca | 604.628.2580

INVESTMENT OPPORTUNITY

Unique opportunity to acquire 3 ideally located lots in Lower Lonsdale situated on just over 12,000 square feet of land. Endless possibilities… renovate and live, hold and collect excellent rental income ($146,100 annual gross rental income across 3 lots), or assemble properties and redevelop under the 2014 City of North Vancouver Official Community Plan. All properties are currently zoned RT-1 and have an OCP Designation of Residential Level 5 (Medium Density up to 6 stories) with a maximum density of 2.6FSR (1.60 base with a potential bonus density of 1.0 FSR). Future redevelopment would give the potential for upper floor South facing views of Vancouver Harbour.

Amenity abundant area with retail, restaurants/breweries, recreation & transit nearby – within walking distance of major public transportation routes on 3rd Street, Lonsdale Avenue and the Seabus located at Lonsdale Quay for quick access into Downtown Vancouver.

OFFERING PROCESS

Prospective purchasers are invited to submit Offers to Purchase the Property through Sitings Realty for consideration by the Vendors. All three (3) lots must be purchased together.

 

E. & O. E.: All information contained herein is from sources we deem reliable, and we have no reason to doubt its accuracy; however, no guarantee or responsibility is assumed thereof, and it shall not form any part of future contracts. Properties are submitted subject to errors and omissions and all information should be carefully verified. *All measurements quoted herein are approximate.
E. & O. E.: All information contained herein is from sources we deem reliable, and we have no reason to doubt its accuracy; however, no guarantee or responsibility is assumed thereof, and it shall not form any part of future contracts. Properties are submitted subject to errors and omissions and all information should be carefully verified. *All measurements quoted herein are approximate.
E. & O. E.: All information contained herein is from sources we deem reliable, and we have no reason to doubt its accuracy; however, no guarantee or responsibility is assumed thereof, and it shall not form any part of future contracts. Properties are submitted subject to errors and omissions and all information should be carefully verified. *All measurements quoted herein are approximate.