Description

A rare chance to acquire a well-maintained 12-unit multifamily rental building located in Lower Lonsdale. This income-producing asset features a solid unit mix of 7 two-bedroom and 5 one-bedroom units. Professionally managed with strong rental history and minimal vacancy, the property currently generates over 25K monthly. Numerous upgrades have been completed, ensuring low maintenance and long-term stability. Located within a designated Residential Level 5 OCP zone, the property offers potential for increased density, with a bonus FSR of up to 2.6. A turn-key income property with future redevelopment potential in one of North Vancouver’s most sought-after rental corridors.

Listing Provided By

Wynn Real Estate Ltd.

Copyright and Disclaimer

The data relating to real estate on this web site comes in part from the MLS Reciprocity program of the Real Estate Board of Greater Vancouver. Real estate listings held by participating real estate firms are marked with the MLSR logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by the Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of the Real Estate Board of Greater Vancouver. Copyright 2025 by the Real Estate Board of Greater Vancouver, Fraser Valley Real Estate Board, Chilliwack and District Real Estate Board, BC Northern Real Estate Board, and Kootenay Real Estate Board. All Rights Reserved.