Property Overview

  • Status
  • Deal Status
    Under Contract
  • Address
    The Caprice
    136 East 18th Street
    North Vancouver, BC
  • Neighbourhood
    Central Londsdale
  • # of Units
  • PID
  • Lot Size
    15,823 SQFT
  • Price
    Please Contact Listing Agents
  • The Offering

    Cushman & Wakefield ULC is pleased to present this rare opportunity to acquire a prime North Vancouver apartment building. The Caprice is located in the trendy and highly desirable Central Lonsdale corridor, which is one of Metro Vancouver’s most attractive rental neighbourhoods. The Caprice is situated on a rectangular, 15,823 sq. ft. R5 designated lot. It is currently improved with 29 residential units and is professionally managed.

    Investment Highlights

    • Future multifamily development designation with added density
    • Strong holding income with attractive upside
    • Asset rehabilitation and value-add opportunity
    • 15,823 SF rectangular lot
    • Extremely low vacancy rate: 0.40%
    • Premier location near an abundance of amenities along Lonsdale corridor

    Central Lonsdale Location

    A lively and dynamic mixed-use neighbourhood.

    Just 20 minutes from downtown Vancouver.

    Central Lonsdale is a rapidly growing mixed-use hub that has attracted the attention of major employers and many residential developers.

    The immediate area features favorable rental demographics, vibrant retail off erings, as well as close proximity to Lions Gate Hospital, Capilano University, City Hall, The Harry Jerome Recreation and Community Centre, several parks and main transit lines. 

    Future Redevelopment Potential

    Superb location perched a half block from Lonsdale Avenue which will off er world class view corridors of downtown Vancouver’s skyline, the Burrard Inlet, and the North Shore mountains.

    The Property is designated in the City of North Vancouver’s Offi cial Community Plan (“OCP”) as Residential Level-5 (Mid-Rise Apartment – Medium Density), allowing for a residential apartment development to a maximum 2.60 Floor Space Ratio (“FSR”). The R5 land use designation prescribes a six (6) storey height cap.

    Development area of approximately 15,823 sq. ft. would yield a gross site area of over 40,000 sq. ft. after rezoning to the OCP prescribed density.

    David Venance
    Executive Vice President

    David Venance

    Don Duncan
    Senior Vice President

    Don Duncan

    Property Location