Lynnmour Village South
1923 Purcell Way

The Offering

Cushman & Wakefield ULC is pleased to present to the market an opportunity to acquire a 100% freehold interest in Lynnmour Village South, 90-suite,
value-add, multifamily investment offering located at 1923 Purcell Way, North Vancouver, BC.

Situated directly adjacent to Capilano University, the Property represents a unique investment opportunity to acquire a multifamily asset that benefits from consistent tenant turnover and a strategic position immediately adjacent to Capilano University. The Property features an attractive mix of exceptionally large one, two, and three bedroom suites comprising a total net rentable area of approximately 87,270 square feet with an average suite size of 970 square feet. The current ownership group has recently completed approximately $6MM in property improvements and presents the opportunity to investors to continue on with a suite-modernization program with consistent tenant churn, adding further value to stabilize the asset to proven out market leading rents. Furthermore, the Property is improved upon a 2.47 acre lot making this a premier future redevelopment opportunity that will benefit from synergies with nearby densification of the Lower Lynn and Maplewood neighbourhoods.

Offering Highlights

• Strategic location adjacent to Capilano University in North Vancouver
• Extensive capital improvements recently completed
• Multifamily, value-add, investment asset of scale
• Market leading rents proven out to clear path to asset stablization
• Attractive suite mix of exceptionally large units
• Improved on nearly 2.5 acres of land with future redevelopment potential