About this Multi-Family Commercial

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.

Listed by Wynn Real Estate Ltd..