2855, 2875 & 2931 Mountain Highway

2855, 2875 & 2931 Mountain Highway, North Vancouver, BC V7M1H3

Price Not Disclosed

46 Units | Multifamily

Multifamily Property For Sale

Price:
Price Not Disclosed
No. Units:
46
Building Size:
54,206 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Listing ID
19789377
Last Updated
9 days ago

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Description

Avison Young is pleased to present the opportunity to acquire 2855, 2875 & 2931 Mountain Highway in North Vancouver (the Subject Site ), a medium-density multi-family development site in the heart of Lynn Valley. The subject site is improved by three low-rise rental apartment buildings providing secure holding income. Under the District of North Vancouver' s OCP the Subject Site is designated as RES6 - Medium Density Apartment which allows for a total density of 2.5 times the site area, equating to a potential gross buildable area of 135,515 sf.

The Subject Site neighbors the pedestrian-only Lynn Valley Village and Lynn Valley Shopping Centre which are home to a variety of shops and services, including anchor tenants Save-On Foods, Shoppers Drug Mart, BC Liquor Store, Winners and the Lynn Valley Public Library. Bosa Development' s upcoming master planned community, The Residences, is directly adjacent to the Subject Site and has pre-sold approximately 90% of the first phase of the development (Building E & F) at record pricing for the area (~$782 psf). Upon completion, The Residences are slated to have a total of 6 buildings with heights ranging from 4 to 12 storeys and approximately 50,000 square feet of new commercial space (including a grocery store). With essential amenities at the doorstep of the Subject Site, this property could not be in a better location for future re-development in Lynn Valley.

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Commercial property information by LoopNet

Map of 2855, 2875 & 2931 Mountain Highway, North Vancouver, BC V7M1H3

Contact Listing Broker to find out more details.

Presented by

Avison Young Commercial Real Estate

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Contact Listing Broker
Rob Greer (604) 647-5084
Chris Wieser (604) 647-5089
Amanda Payne (604) 646-8389
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