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Hamersley House 350 2nd St E 9,859 SF Retail Building North Vancouver, BC V7L 1C7 $9,500,000 CAD ($963.59 CAD/SF) 4.61% Cap Rate
INVESTMENT HIGHLIGHTS
- Recently undergone $1 Million in extensive renovations
- Spacious and safe facilities with a license to accommodate up to 77 children (wait list in place)
- Significant upside in market rents
- Experienced & licensed educators with infant, toddler and preschool programs in place
- Nature-infused learning environment situated near public transportation options, encouraging convenient pick up and drop o for busy parents
EXECUTIVE SUMMARY
Cushman & Wakefield presents an exclusive investment opportunity located at 350 East 2nd Street, North Vancouver, BC (the“Property). This exceptional o ering consists of two distinct structures sitting on over half an acre (0.618 Acres) and spans an entire city block from north to south. Hamersley House is a heritage gem originally constructed in 1904 which underwent extensive renovations most recently in 2021, exceeding $1 million in costs to preserve the architectural and historical significance while adding modern amenities. Now fully leased to KinderBees Early Learning Centre in 2021, the Property comes with fully leased coach house and garage. Together, the Property compromises of approximately 9,859 SF surrounded by the serene beauty of mature trees adjacent to Emerald Park.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Day Care Center
Building Size
9,859 SF
Building Class
C
Year Built
1904
Price
$9,500,000 CAD
Price Per SF
$963.59 CAD
Cap Rate
4.61%
NOI
$438,228 CAD
Tenancy
Single
Building Height
3 Stories
Building FAR
0.37
Lot Size
0.62 AC
Zoning
CD-427 - Comprehensive Zone District 427. Allows for child care and residential care facility use
AMENITIES
- Air Conditioning
Walk Score®
Very Walkable (81)
Bike Score®
Very Bikeable (78)
NEARBY MAJOR RETAILERS
1 of 5
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Hamersley House | 350 2nd St E
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