For sale

Avison Young is pleased to present an excellent opportunity to acquire Santa Monica Apartments, a four-storey character-rich heritage investment property with eighteen (18) residential rental suites above four (4) commercial retail units. The Property is located in the vibrant Lower Lonsdale neighbourhood of North Vancouver within walking distance to the Shipyards, Seabus to downtown Vancouver and an abundance of restaurants, shopping and amenities. The building has been professionally managed and upgraded by the current owner with more than $1.6 million spent in capital upgrades including newly renovated common areas, mechanical upgrades and suite renovations. This is a superb opportunity for an investor to acquire a stable cash-flowing property with 21,548 sf of net rentable/leasable area in the highly desirable and rapidly growing Lower Lonsdale neighbourhood.