127 & 129 East 12th Street, North Vancouver
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Existing Zoning
RM-1
OCP Designation
Level 5 (Medium Density Residential)
Base Density
1.6 FSR
Bonus Density
1.0 FSR
Maximum Allowable Density
2.60 FSR
Gross Site Area
Approx. 17,640 SQFT
Price
Contact Agent

Development Opportunity

Acquire 100% freehold interest premier apartment location situated on approximately 17,640 SQUARE FEET of medium density designated land in the heart of North Vancouver’s highly sought after Central Lonsdale neighborhood. The improvements are comprised of 25 authorized residential rental units, and is situated only one block east of Lonsdale Avenue. This investment opportunity will appeal to apartment investors seeking secure and stable cash flow in one of the Lower Mainland’s hottest rental markets and presents an redevelopment opportunity in one of the fastest growing and land locked markets in the region.

 

Location

• Central Londsdale neighbourhood of North Vancouver
• Situated on East 12th Street between Lonsdale Avenue and St. Georges
• Half a block east of Lonsdale Avenue
• Five minute bus ride south to the Seabus Terminal in the Lonsdale Quay

 

Investment Highlights

• Two adjacent apartment buildings situated on over 17,600 sqft of RM-5 designated land
• Total of 25 residential rental units with a desirable suite mix
• North Vancouver vacancy rate is 0.40% (CMHC, October 2015); secure and stable cash flow
• Easy access to public transit for tenants
• Exceptional location with a very high walk score: 89/100

Contact
Ben Williams
bwilliams@londonpacific.ca
604 420 2600 ext 203

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