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254 3rd St W 30 Unit Apartment Building $7,992,760 USD ($266,425 USD/Unit) North Vancouver, BC V7L 1E7
EXECUTIVE SUMMARY
Welcome to Greenwood Manor. Nestled in the heart of Lower Lonsdale, this well-maintained 30-unit apartment building represents a rare investment opportunity in one of North Vancouver’s most desirable rental markets. Built in 1973, the property sits proudly on a 17,988 square foot lot and offers a balanced mix of well-appointed suites, each with its own private balcony or patio. Residents enjoy the convenience of secure ground-level parking for 30 vehicles, plus 4 additional visitor stalls, 30 full-size storage lockers, a laundry room and ample in-suite storage; welcomed additions in a building of this vintage. With excellent access to nearby shops, restaurants, and the Seabus, this asset offers consistent tenant demand and solid income stability. The property’s underlying redevelopment potential; supported by its location within a rapidly evolving multifamily corridor, positions it as an ideal long-term hold with significant upside for investors or developers looking to capitalize on the continued growth of the North Shore rental market.
PROPERTY FACTS
| Price | $7,992,760 USD | Apartment Style | Low-Rise |
| Price Per Unit | $266,425 USD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.41 AC |
| No. Units | 30 | Building Size | 21,000 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1973 |
| Zoning | RM-1 | ||
| Price | $7,992,760 USD |
| Price Per Unit | $266,425 USD |
| Sale Type | Investment |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 21,000 SF |
| No. Stories | 3 |
| Year Built | 1973 |
| Zoning | RM-1 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 18 | - | - |
| 2+1 | 12 | - | - |
1 1
Walk Score®
Walker's Paradise (94)
Bike Score®
Very Bikeable (73)
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254 3rd St W
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