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Lord Nelson Place 309 3rd St W 41 Unit Apartment Building $17,750,000 CAD ($432,927 CAD/Unit) 3.38% Cap Rate North Vancouver, BC V7M 1G3
EXECUTIVE SUMMARY
Opportunity to acquire a 41-unit apartment building in the highly sought-after Lower Lonsdale neighbourhood. This property features spacious suites with a well-balanced unit mix, secure underground parking, and offers strong long-term development potential.
PROPERTY FACTS
| Price | $17,750,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $432,927 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.55 AC |
| Cap Rate | 3.38% | Building Size | 30,000 SF |
| No. Units | 41 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1973 |
| Property Subtype | Apartment | Parking Ratio | 1.37/1,000 SF |
| Zoning | RM-1 | ||
| Price | $17,750,000 CAD |
| Price Per Unit | $432,927 CAD |
| Sale Type | Investment |
| Cap Rate | 3.38% |
| No. Units | 41 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.55 AC |
| Building Size | 30,000 SF |
| No. Stories | 3 |
| Year Built | 1973 |
| Parking Ratio | 1.37/1,000 SF |
| Zoning | RM-1 |
AMENITIES
UNIT AMENITIES
- Balcony
SITE AMENITIES
- Laundry Facilities
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 41 | - | - |
1 1
Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (73)
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Lord Nelson Place | 309 3rd St W
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