UNIT SIZE*
1,027 sq. ft.
PROPERTY TAXES*
$9,881.69 (2017)
CURRENT ZONING**
C-1A
Central Lonsdale Mixed Use A
CURRENT NET RATE
$36.50 per sq. ft.
NOI
$37,485.50
CAP RATE
3.45%
*Subject to confirmation by Purchaser
**Purchaser is responsible for verifying permissible uses as per the zoning
LOCATION DESCRIPTION
The subject property is a retail unit located between 14th and 15th Streets on Lonsdale Avenue in the City of North Vancouver.
1422 Lonsdale Avenue is situated in the heart of North Vancouver' s Central Lonsdale commercial district which is home to banks, restaurants and retailers and Lions Gate Hospital. This area has seen many recent residential and mixed-use developments over the last few years and has developed into a highly sought after community for both residents and businesses. This location is well serviced by public transit with bus service on Lonsdale with a direct connection to the Seabus at the Lonsdale Quay.
