Property Overview

  • Status
    Sold
  • Address
    Lynnmour Village South
    1923 Purcell Way
    North Vancouver, BC
    Canada
  • Type
    Multifamily
  • Neighbourhood
    Lynnmour
  • # of Units
    90
  • # of Storeys
    3
  • Year Built
    1974
  • PID
    030-356-750
  • Lot Size
    107,639 SQFT
  • Zoning
    RL1
  • Price
    Please Contact Listing Agents
  • Building Size
    87,270 SQFT
  • Building Style
    4 Wood Frame Buildings
  • SOLD

    Cushman & Wakefield ULC (”C&W”) is pleased to announce the successful sale of Lynnmour Village South, a 90-suite  multi-family investment offering located at 1923 – 1959 Purcell Way, North Vancouver, BC (the “Property”). Situated directly adjacent to Capilano University, the Property represented a unique value-add investment opportunity to acquire a multifamily asset that benefitted from over $8MM of recent capital improvements, steady turnover and proof-of-concept unit renovation program.

    The Property features a desirable mix of extra large one, two, and three bedroom suites comprising a total net rentable area of 87,270 square feet.  the Property was improved upon a 2.47 acre lot which is underpinned by 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 investment asset of scale in excellent condition
    • Market leading rents proven out to clear path to asset stablization
    • Attractive suite mix of exceptionally large units
    • Improved on nearly 2.50 acres of land with future redevelopment potential
    David Venance
    Executive Vice President

    David Venance

    Patrick Hannah
    Associate

    Patrick Hannah

    Chris Harper
    Senior Associate

    Chris Harper

    Property Location