About this property
Beautiful opportunity to acquire a premier 47-unit rental apartment building situated on approximately 23,986 sf of freehold land in North Vancouver’s Lower Lonsdale neighbourhood, which is one of British Columbia’s most attractive and secure rental markets. The strategic location is within short walking distance to the Lonsdale Quay and the Seabus which connects tenants to Vancouver’s downtown employment hub in a 15 minute commute. Northridge Apartments has had over $1,900,000 recently invested in capital improvement, including 68% of the residential units being completely renovated to a condo-quality finish. Therefore investors can focus future capital expenditure on the remaining un-renovated units to capitalize on the proven revenue and investment yield growth.