About This Property
A rare infill development opportunity located in the core of Central Lonsdale, North Vancouver. Approximately 7,854 square feet of level, rectangular land currently used as a surface parking lot, provides holding income while future development plans are advanced. Just east of Lonsdale Avenue, the property benefits from excellent walkability, frequent transit service and immediate access to a wide range of neighbourhood amenities including retailers, cafés, restaurants, medical services and civic facilities. The surrounding area has seen significant recent growth with numerous mixed-use and residential high-rise developments, reinforcing Central Lonsdale's role as one of the North Shore's most active and established urban nodes. The property is well suited for a future mixed-use or multi-family development (subject to City of North Vancouver approvals), allowing a purchaser to take advantage of the continued densification and strong housing demand in the area while benefitting from interim parking income (id:64973)
At $508 per square foot, this vacant land in Central Lonsdale, North Vancouver is priced competitively compared to the city's average of $600 per square foot for similar properties. With the potential for a significant multi-unit development, this opportunity is best suited for experienced real estate developers seeking a centrally located infill site in one of North Vancouver's most desirable neighborhoods.
Property Details
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