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101-103 Riverside Dr 6,782 SF 62% Leased Industrial Building North Vancouver, BC V7H 1T6 $4,000,000 CAD ($589.80 CAD/SF) 2.66% Cap Rate
Investment Highlights
- Heavy power supply.
- Garage level loading with ample on-site parking.
- High ceiling heights throughout building.
- Energy-efficient windows and skylights.
- Recently renovated interior with modernized building systems.
- The property sits in the heart of Maplewood, North Vancouver’s established industrial district.
Executive Summary
Lennard Commercial Realty is pleased to present 101 Riverside Drive, North Vancouver - a premier industrial opportunity in one of the North Shore's most sought-after employment hubs, offering rare flexibility for both investors and owner-users. The property pairs a strong tenant profile and stable in-place cash flow with a location investors compete for: direct access to major transportation routes via the Ironworkers Memorial Bridge and Highway 1. With approximately 2,590 SF of vacant space available for occupancy, an owner-occupier can establish operations on-site from day one, while the existing tenant provides stable in-place income—a built-in mortgage helper offsetting carrying costs, with potential expansion space down the road. Flexible zoning supports a broad range of industrial and commercial uses, and the site's fundamentals point to meaningful long-term redevelopment upside, making this property a rare chance to secure a foothold in North Vancouver's thriving, supply-constrained industrial market.
Property Facts
| Price | $4,000,000 CAD | Lot Size | 0.20 AC |
| Price Per SF | $589.80 CAD | Rentable Building Area | 6,782 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Cap Rate | 2.66% | Year Built | 1972 |
| Property Type | Industrial | Clear Ceiling Height | 21’ |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 1 |
| Building Class | C | ||
| Zoning | EZLI - Employment Zone- Light Industrial | ||
| Price | $4,000,000 CAD |
| Price Per SF | $589.80 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 2.66% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.20 AC |
| Rentable Building Area | 6,782 SF |
| No. Stories | 1 |
| Year Built | 1972 |
| Clear Ceiling Height | 21’ |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | EZLI - Employment Zone- Light Industrial |
Amenities
- Storage Space
Utilities
- Heating
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Some public transit
50/100
Very bikeable
80/100
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101-103 Riverside Dr
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