Property Overview

  • Status
    Sold
  • Address
    1630 Chesterfield Avenue
    North Vancouver, BC V7M 2N7
    Canada
  • Neighbourhood
    Central Lonsdale
  • # of Units
    11
  • # of Storeys
    3
  • Year Built
    1967
  • PID
    014-322-072,014-322-081
  • Lot Size
    8,250 SQFT
  • Zoning
    RM-1
  • Price
    Please Contact Listing Agents
  • SOLD 

     

    Cushman & Wakefield is pleased to announce the successful sale of an eleven (11) suite, value-add apartment building located at 1630 Chesterfield Avenue, North Vancouver, in the bustling Central Lonsdale neighbourhood.

     

    Investment Highlights 

    • Centre ice, North Vancouver location along the dynamic and growing Lonsdale corridor
    • According to the latest rent report from live.rent, North Vancouver is officially the most expensive city for renters in Canada, where the average rent is now $2,760 a month
    • Value-add offering with significant revenue upside upon tenant turnover
    • Recent mechanical capital expenditures undertaken by previous owners
    • Attractive assumable CMHC financing allowing investors to access more leverage at a lower interest rate than would be supported in today’s capital markets
    • Property is held in a bare trust nominee which an investor may elect to acquire at their option

     

    Location

    Centrally positioned just one bock west of Lonsdale Avenue, between the Trans-Canada Highway and North Vancouver’s esteemed Lower Lonsdale neighbourhood, the property attracts a wide range of high-quality tenants.  Employment opportunities in the area are highlighted by the walkable Lions Gate Hospital and the professional services firms in the Lonsdale Corridor, as well as the immediate accessibility to Downtown Vancouver through Lonsdale Quay’s SeaBus Terminal. World class outdoor recreation at the convenient North Shore Mountains combined with ample public parks and schools in the community adds to Central Lonsdale’s unrivalled lifestyle offering.

    David Venance
    Executive Vice President

    David Venance

    Patrick Hannah
    Associate

    Patrick Hannah

    Chris Harper
    Senior Associate

    Chris Harper

    Property Location