$7,990,000

409-411 - E 417-419 3rd Street, North Vancouver, BC V7L 1G3

MLS® C8079372

Description

A rare opportunity to acquire 12,000 sq.ft of prime land in one of North Vancouver's fastest-growing & most transformative neighbourhoods. Comprised of 4 half-duplex residences, this unique offering presents exceptional holding income with significant long-term redevelopment & assembly potential. Strategically located in the heart of Lower Lonsdale, this property sits within a rapidly evolving urban corridor surrounded by major residential & mixed-use development. Directly across the street, the landmark INNOVA community is reshaping the neighbourhood with hundreds of new homes & retail services, further elevating the area's desirability & investment profile. Potential exists to explore future assembly opportunities with neighbouring properties, creating a larger redevelopment site of approximately 18,000 to 24,000 sq.ft. The property benefits from excellent proximity to transit, the Spirit Trail, Moodyville Park, The Shipyards, Lower Lonsdale, and the rapidly expanding East 3rd Street corridor.

Property

Property type

Commercial Sale

Style

Multi Family

Ownership

Freehold

Lot and parking

Lot size

12,196.8 sq ft

Costs

Annual property tax

$21,322

Tax year

2,025

Location

Area

North Vancouver

Neighbourhood

Lower Lonsdale

Waterfront

No