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254 3rd St W 30 Unit Apartment Building $10,995,000 CAD ($366,500 CAD/Unit) North Vancouver, BC V7L 1E7

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EXECUTIVE SUMMARY

Welcome to Greenwood Manor. Nestled in the heart of Lower Lonsdale, this well-maintained 30-unit apartment building represents a rare investment opportunity in one of North Vancouver’s most desirable rental markets. Built in 1973, the property sits proudly on a 17,988 square foot lot and offers a balanced mix of well-appointed suites, each with its own private balcony or patio. Residents enjoy the convenience of secure ground-level parking for 30 vehicles, plus 4 additional visitor stalls, 30 full-size storage lockers, a laundry room and ample in-suite storage; welcomed additions in a building of this vintage. With excellent access to nearby shops, restaurants, and the Seabus, this asset offers consistent tenant demand and solid income stability. The property’s underlying redevelopment potential; supported by its location within a rapidly evolving multifamily corridor, positions it as an ideal long-term hold with significant upside for investors or developers looking to capitalize on the continued growth of the North Shore rental market.

PROPERTY FACTS

Price $10,995,000 CAD
Price Per Unit $366,500 CAD
Sale Type Investment
No. Units 30
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.41 AC
Building Size 21,000 SF
No. Stories 3
Year Built 1973
Zoning RM-1

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 18 - -
2+1 12 - -
Walk Score®
Walker's Paradise (94)
Bike Score®
Very Bikeable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 38795165

  • Date on Market: 2025-12-16

  • Last Updated:

  • Address: 254 3rd St W, North Vancouver, BC V7L 1E7

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