Property Overview
-
Status
Sold -
Deal Status
AVAILABLE -
Address
Rez-Van Apartments
121 East 12th Street
North Vancouver, BC
Canada -
Neighbourhood
Central Lonsdale -
# of Units
16 -
# of Storeys
4 -
Year Built
2001 -
Lot Size
7,560 SQFT -
Zoning
RM-1 -
Price
$8,750,000 -
SOLD
Cushman & Wakefield ULC is pleased to announce to successful sale of Rez-Van Apartments, located at 121 East 12th Street in the City of North Vancouver’s highly desirable Central Lonsdale neighbourhood.
Rez-Van Apartments is a 16-unit, purpose-built, rental apartment. The property was built in 2001 by an established local developer who has owned and operated the building since. The offering was an exceptional opportunity to own an ideal, low-maintenance multifamily investment to self-manage in one of the strongest rental markets in Metro Vancouver.
The building was fully occupied and demonstrated the market rental revenue potential with some strong recent rents, which illustrates the revenue upside to be achieved upon organic turnover of some suites over time.
Location
The Property is located on the south side of East 12th Street and one lot in from Lonsdale Avenue. The immediate area within a three block radius is an employment and amenity hub which features the Lions Gate Hospital, City Hall, The North Vancouver Fire Department, Whole Foods, Shoppers Drug Mart, Home Hardware and the North Vancouver RCMP detachment.
Property Location
Gallery
