Lynnmour Village South
1923 Purcell Way

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