Retail for Sale — North Vancouver, BC
$2,490,000
228 LONSDALE AVENUE, North Vancouver, BC V7M2G1
Property details
Structured details
- Zoning
- CD-599
- Annual property tax
- $25,203.38 (2025)
- Strata/association fee
- $1,240.17/monthly
Listing Information
- MLS®
- C8081028
- Listed
- August 6, 2026
- Time on market
- 40 days
- Data last synced
- September 15, 2026
- Source
- CREA DDF®
Description
Rare opportunity to acquire a well-maintained 1,934 sqft strata retail unit located along the vibrant Lonsdale Avenue corridor in North Vancouver. Currently leased to a successful restaurant tenant, providing stable and reliable rental income. The space features high ceilings, commercial Kitchen, a unique second-floor seating area, and an additional 98 sqft patio that enhances the dining atmosphere. Situated on one of North Vancouver's busiest commercial streets, the property benefits from strong visibility, heavy foot traffic, and surrounding high-density residential and retail amenities. Includes one parking stall and one storage locker, with ample street parking nearby. This property presents an attractive investment opportunity for those seeking a passive, income-producing retail asset. NET INCOME : $92,973/year. (id:63159)
Financing calculator
Estimate your monthly payment on the $2,490,000 asking price.
Financing details
- Monthly debt service
- $24,168
- Cash required at close
- $523,000
- DSCR
- —
- Cash-on-cash return (yr 1)
- —
Pure arithmetic, no market assumptions — informational only, not financial advice. Enter your own stated SDE/EBITDA above to see DSCR and cash-on-cash return.
Location
Local market size (North Vancouver)
- Population
- 146,288(+5.6% since 2016)
- Population density
- 848.1/km²
- Median household income
- $108,300
Source: Statistics Canada, 2021 Census of Population.
Education
- Bachelor's degree or higher
- 43.4%
- Postsecondary below bachelor's
- 25.8%
- High school diploma
- 23.2%
- No certificate/diploma
- 7.6%
Population aged 15 and over.
Commute
- Car, truck or van
- 74.5%
- Public transit
- 11.8%
- Walked
- 8.6%
- Bicycle
- 2.3%
- Other
- 2.8%
Commute duration
- Under 15 min
- 28.7%
- 15–29 min
- 38.9%
- 30–44 min
- 21.1%
- 45–59 min
- 6.9%
- 60+ min
- 4.4%
Employed labour force with a usual workplace.
Mother Tongue
Top 10 mother tongues reported (single responses).
Nearby Places
Restaurants (5+)
- Tsukiji Kitchen · 228 Lonsdale Avenue40m
- Sushi Bella · 152 Lonsdale Avenue46m
- Browns Socialhouse · 103 West 2nd Street47m
- Kim's Family Korean Restaurant · 140 Lonsdale Avenue69m
- Farina a Legna · 119 East 2nd Street81m
Cafes (5+)
- West of Java Cafe149m
- 49th Parallel Coffee Roasters · 93 Lonsdale Avenue152m
- Tim Hortons · 132 West Esplanade241m
- InTea · 129 East Esplanade267m
- Nemesis355m
Grocery (1)
- Fresh St. Market · 150 West Esplanade314m
Shopping (1)
- Lonsdale Quay Market · 123 Carrie Cates Court417m
Parks (5+)
- Unnamed181m
- Unnamed193m
- Jack Loucks Court204m
- Katsalánexw Park211m
- Derek Inman Park379m
Gyms (5+)
- Salted Cycle · 119 East 1st Street162m
- Lagree West · 117 East 1st Street179m
- Vibe Lng · 111 East 1st Street188m
- Pilates from the Center · 157 East 1st Street248m
- Oxygen Yoga & Fitness430m
Pharmacies (5+)
- Balanced Health · 135 Lonsdale Avenue67m
- Anderson's Pharmacy · 127 West 3rd Street109m
- Pure Integrative Pharmacy · 88 Lonsdale Avenue166m
- Pharmasave · 123 West Esplanade281m
- Shoppers Drug Mart · 150 West Esplanade295m
Banks & ATMs (5+)
- Bitcoin ATM Localcoin · 125 West 3rd Street105m
- BMO226m
- Scotiabank · 129 West Esplanade285m
- TD Canada Trust · 180 West Esplanade342m
- Unnamed472m
Healthcare (5+)
- Capilano Medical Clinic · 125 West 2nd Street85m
- MedView · 126 West 3rd Street135m
- Nuevo Medical & Skin Lab · 131 West 1st Street190m
- Dermapure · 121 West Esplanade277m
- Foundry North Shore · 211 W. West 1st Street367m
Nearby places data: © OpenStreetMap contributors.
Nearby transit
| Southbound Lonsdale Ave @ W 3rd St | 9m | |
| Northbound Lonsdale Ave @ E 2nd St | 18m | |
| Southbound Lonsdale Ave @ W 3rd St | 39m | |
| Eastbound E 3rd St @ Lonsdale Ave | 83m | |
| Northbound Lonsdale Ave @ E 1st St | 89m | |
| Westbound W 3rd St @ Lonsdale Ave | 92m |
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All in North Vancouver →Frequently asked questions
What is the asking price for this business?
The asking price is $2,490,000.
Where is this business located?
This listing is located in North Vancouver, British Columbia.
How current is this listing?
This listing is sourced from the CREA Data Distribution Facility (DDF®) and refreshed nightly. It was last confirmed active on September 15, 2026.