Retail Space for Sale in North Vancouver

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115 E 1st Street
Lower Lonsdale North Vancouver V5M 4N8

$11,600,000
Commercial Sale

View of property
Photo 1: 115 E 1st Street in North Vancouver: Lower Lonsdale Commercial Sale for sale : MLS®# C8067398
Photo 2: 115 E 1st Street in North Vancouver: Lower Lonsdale Commercial Sale for sale : MLS®# C8067398
Photo 3: 115 E 1st Street in North Vancouver: Lower Lonsdale Commercial Sale for sale : MLS®# C8067398
Photo 4: 115 E 1st Street in North Vancouver: Lower Lonsdale Commercial Sale for sale : MLS®# C8067398
Photo 5: 115 E 1st Street in North Vancouver: Lower Lonsdale Commercial Sale for sale : MLS®# C8067398
Photo 6: 115 E 1st Street in North Vancouver: Lower Lonsdale Commercial Sale for sale : MLS®# C8067398
Photo 7: 115 E 1st Street in North Vancouver: Lower Lonsdale Commercial Sale for sale : MLS®# C8067398
Photo 8: 115 E 1st Street in North Vancouver: Lower Lonsdale Commercial Sale for sale : MLS®# C8067398
Photo 9: 115 E 1st Street in North Vancouver: Lower Lonsdale Commercial Sale for sale : MLS®# C8067398
Photo 10: 115 E 1st Street in North Vancouver: Lower Lonsdale Commercial Sale for sale : MLS®# C8067398
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
C8067398
Build. Type:
Low Rise (2-4 storeys)
CBRE is pleased to present the rare opportunity to acquire a high-quality mixed-use investment property in the heart of Lower Lonsdale. The property consists of 18 residential suites and 4 retail units all currently occupied by high quality tenants. The building is located in the heart of Lower Lonsdale and benefits from retail frontage along East 1st Avenue and the vibrant Lolo Lane. The residential suite mix provides 16 one-bedroom and 2 two-bedroom suites, with the ability to improve the income significantly upon tenant turnover. Further, the property has been extensively renovated with significant and recent capital improvements including windows, plumbing, electrical, structural reinforcing and more.
Sale Type:
Asset
Property Type:
Commercial Sale
Commercial Type:
Multi Family
Num Storeys:
4
Building Type:
Low Rise (2-4 storeys), Mixed Use
# Bldgs:
1
# Units Total:
22
# Other Units:
4
# of Apartments:
18
# of 1 Bedroom Apartments:
16
# of 2 Bedroom Apartments:
2
Living Area:
19,607 sq. ft.
Subject Property Depth:
120'
Subject Property Width:
49'
Retail Size:
8,366 sq. ft.
Title to Land:
Freehold
Lot Area:
5,898 sq. ft.
Zoning:
Potential to Redevelop:
Yes
Fencing:
# Of Parking Spaces - Total:
Road Frontage:
Road Surface:
Paved
Heating:
Electricity:
No
Services Connected:
Garbage Collection, Natural Gas Connected, Sidewalk
Sewer:
Public Sewer
Parcel Number:
015088111
Taxes:
$77,924.17 / 2024
No
1%; PHYSICAL INTRODUCTION MUST BE MADE BY THE COOPERATING BROKER ON THE 1ST AND EVERY SUBSEQUENT SHOWING OF THE PROPERTY, OTHERWISE COOPERATING FEE IS $500.
Water Supply:
Public
Water Rights:
No
Roof:
Potential to Redevelop:
Yes
Env Assmt Phase:
No
Cap Rate %:
Gross Income:
Oper. Expenses:
Association Fee:
$.00
Other Income:
Effective Gross Income:
Net Operating Income:
Previous Price:
Original Price:
  • Photo 1: 115 E 1st Street in North Vancouver: Lower Lonsdale Commercial Sale for sale : MLS®# C8067398
    View of property
  • Photo 2: 115 E 1st Street in North Vancouver: Lower Lonsdale Commercial Sale for sale : MLS®# C8067398
    View of building exterior
  • Photo 3: 115 E 1st Street in North Vancouver: Lower Lonsdale Commercial Sale for sale : MLS®# C8067398
    View of property
  • Photo 4: 115 E 1st Street in North Vancouver: Lower Lonsdale Commercial Sale for sale : MLS®# C8067398
    View of building exterior
  • Photo 5: 115 E 1st Street in North Vancouver: Lower Lonsdale Commercial Sale for sale : MLS®# C8067398
    Entrance to property with brick siding
  • Photo 6: 115 E 1st Street in North Vancouver: Lower Lonsdale Commercial Sale for sale : MLS®# C8067398
    View of exterior entry featuring brick siding
  • Photo 7: 115 E 1st Street in North Vancouver: Lower Lonsdale Commercial Sale for sale : MLS®# C8067398
    Property entrance featuring french doors
  • Photo 8: 115 E 1st Street in North Vancouver: Lower Lonsdale Commercial Sale for sale : MLS®# C8067398
    Exterior space featuring french doors
  • Photo 9: 115 E 1st Street in North Vancouver: Lower Lonsdale Commercial Sale for sale : MLS®# C8067398
    View of building exterior
  • Photo 10: 115 E 1st Street in North Vancouver: Lower Lonsdale Commercial Sale for sale : MLS®# C8067398
    View of building exterior
Listed by CBRE Limited
Data was last updated April 8, 2025 at 04:10 AM (UTC)