Property Overview

  • Status
  • Address
    Lynnmour Village South
    1923 Purcell Way
    North Vancouver, BC
  • Type
  • Neighbourhood
  • # of Units
  • # of Storeys
  • Year Built
  • PID
  • Lot Size
    107 SQFT
  • Lot Size
    2 Acres
  • Zoning
  • Price
    Please Contact Listing Agents
  • Building Size
    87 SQFT
  • Building Style
    4 Wood Frame Buildings
  • Confidentiality Agreement
  • 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
    David Venance
    Executive Vice President

    David Venance

    Scott MacPherson
    Executive Managing Director

    Scott MacPherson

    Property Location