Saint George Place 1629 Saint Georges Ave 22 Unit Apartment Building $8,546,379 USD ($388,472 USD/Unit) 3.70% Cap Rate North Vancouver, BC V7L 3J6

Saint George Place at 1629 St. Georges Avenue in North Vancouver offers a rare opportunity to acquire a fully redeveloped, 22-unit rental apartment building in the heart of Central Lonsdale. This five-storey, wood-frame property was comprehensively redeveloped in 2013, including modernization of all suites, building systems, and structural elements. Featuring a refined West Coast architectural design, larger-than-typical units, contemporary interiors, updated mechanical systems, and strong historical occupancy, the building presents a turnkey, low-maintenance investment with proven cash flow and long-term stability in one of Metro Vancouver’s strongest rental markets.
Situated just two blocks east of the Lonsdale Corridor and steps from major amenities, Saint George Place benefits from exceptional walkability and transit access. The property is located near grocery stores, restaurants, retail, Lions Gate Hospital, and the upcoming Harry Jerome Community Recreation Centre. This central North Vancouver location provides quick access to both North Shore bridges, Downtown Vancouver, local parks, and outdoor recreation. The building itself offers modernized suites with open-concept layouts, private balconies, individually metered heating, updated plumbing and electrical systems, a modern elevator, double-glazed windows, and secure parking and storage—ensuring long-term operational efficiency and strong tenant appeal.