For sale

Avison Young is pleased to present the opportunity to purchase a rare and iconic four-storey character-rich mixed-use commercial building with 15 office/service type units and two (2) ground floor retail units located in the heart of Lower Lonsdale. The property is front-facing to the high-traffic 1st Street and is just steps from amenities, an 8-minute walk to the SeaBus, and a 16-minute drive to Downtown Vancouver. This charming early 20th century commercial building built in 1910 has maintained its historic appeal while benefiting from more than $1 million in extensive renovations throughout all four stories. The Property is an excellent investment opportunity for both investors or owner occupiers and is zoned as LL2 (Lower Lonsdale Zone 2), allowing for a variety of retail and office uses. Most of the current tenant rents are below market presenting a unique opportunity to increase rents upon turnover and renewals and grow overall cash flow and yield.