Saint George Place 1629 Saint Georges Ave 22 Unit Apartment Building $11,700,000 CAD ($531,818 CAD/Unit) 3.70% Cap Rate North Vancouver, BC V7L 3J6

Saint George Place presents the opportunity to acquire a redeveloped 22-unit purpose-built rental apartment building in the heart of North Vancouver’s Central Lonsdale neighborhood. Following a comprehensive redevelopment completed in 2013, the five-storey property offers a modern West Coast design, upgraded building systems, and a suite mix tailored to long-term rental demand. The property features larger-than-traditional apartment layouts, contemporary interior finishes, in-suite laundry, updated kitchens and bathrooms, individually metered electric heat, and private balconies in many units.
Located just two blocks east of the Lonsdale Corridor and within walking distance of Lions Gate Hospital, grocery stores, restaurants, transit services, and the Harry Jerome Community Recreation Centre, the asset benefits from one of Metro Vancouver’s most established and amenity-rich rental environments. Residents also enjoy convenient access to Lonsdale Quay, the SeaBus terminal, Highway 1, Lynn Valley, Park Royal, and Downtown Vancouver via the Lions Gate Bridge.
The building has been professionally managed and maintained since redevelopment and includes modern elevator service, double-glazed windows, updated plumbing and HVAC systems, a comprehensive fire protection system, secure tenant storage, and on-site parking. Two ultra-high-efficiency gas boilers provide domestic hot water while tenant-paid electric heating helps support operational efficiency.
Saint George Place combines stable in-place income, a diversified suite mix, modern construction standards, and a highly walkable urban location. The property offers investors a turnkey multifamily asset positioned within one of British Columbia’s most supply-constrained and desirable rental markets.