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Seaview Apartments 326 West 1st St 30 Unit Apartment Building For Sale North Vancouver, BC V7M 1B6
Investment Highlights
- Four-storey low-rise asset featuring 30 fully occupied rental units in a dynamic North Shore location.
- Positioned within a vibrant urban hub offering retail, dining, cultural amenities, and waterfront attractions.
- Established income stream supported by high tenant retention and one of Metro Vancouver’s fastest-growing districts.
- Steps from Lonsdale Quay and SeaBus terminal, providing rapid transit link to Downtown Vancouver.
- Significant redevelopment potential with up to six storeys and 2.60 FSR permitted under RM-1 zoning.
Executive Summary
Seaview Apartments is a 4-storey, wood-frame multifamily rental property located in Lower Lonsdale, one of North Vancouver’s most sought-after urban communities. The asset consists of 30 suites within a highly walkable district featuring immediate connectivity to the Lonsdale Quay SeaBus terminal, providing direct and rapid access to Downtown Vancouver in just 12 minutes. This exceptional transit-oriented location enhances tenant appeal and ensures resilient rental demand.
The property spans a large 17,475 SF site with RM-1 zoning, allowing for medium-density residential use and providing investors with significant long-term potential through future redevelopment. With a permitted density of up to six storeys and a 2.60 FSR, developers can capitalize on the site’s favorable designation, strong market fundamentals, and Vancouver's continued housing demand.
Surrounded by a mix of retail amenities, dining destinations, and scenic waterfront attractions, Seaview Apartments offers both stable cash flow and measurable upside through appreciation and repositioning opportunities. Benefiting from 100% occupancy and located in a thriving neighborhood marked by ongoing redevelopment and strong demographic trends, this property represents a compelling investment in Metro Vancouver’s evolving urban landscape.
The property spans a large 17,475 SF site with RM-1 zoning, allowing for medium-density residential use and providing investors with significant long-term potential through future redevelopment. With a permitted density of up to six storeys and a 2.60 FSR, developers can capitalize on the site’s favorable designation, strong market fundamentals, and Vancouver's continued housing demand.
Surrounded by a mix of retail amenities, dining destinations, and scenic waterfront attractions, Seaview Apartments offers both stable cash flow and measurable upside through appreciation and repositioning opportunities. Benefiting from 100% occupancy and located in a thriving neighborhood marked by ongoing redevelopment and strong demographic trends, this property represents a compelling investment in Metro Vancouver’s evolving urban landscape.
Property Facts
| Sale Type | Investment | Building Class | C |
| No. Units | 30 | Lot Size | 0.40 AC |
| Property Type | Multifamily | Building Size | 24,000 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1977 |
| Zoning | RM-1 - Medium Density Apa - RM-1 - Medium Density Apartment | ||
| Sale Type | Investment |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 24,000 SF |
| No. Stories | 4 |
| Year Built | 1977 |
| Zoning | RM-1 - Medium Density Apa - RM-1 - Medium Density Apartment |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 27 | - | - |
| 2+1 | 3 | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Good public transit
60/100
Moderately bikeable
70/100
Contacts
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Angus Tone, PREC -
Cynthia Jagger -
Vincent Minichiello -
Duncan MacLean -
CBRE, Limited
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Seaview Apartments | 326 West 1st St
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