About This Property
The Colonial Apartments - a rare Heritage "A" building in Central Lonsdale, perfect for investors or those who value character and future potential. This three-storey walk-up features six 2 bedroom, 1 bathroom self-contained suites currently rented, with significant upside. While the building would benefit from updates, it is priced to reflect the opportunity to add value and restore a notable piece of North Vancouver´s architectural history. Zoned RM-1 (Medium Density), the property allows a 1.6 FSR with potential for an additional 1.0 FSR bonus, creating excellent redevelopment or future density potential. Steps from Whole Foods Market, restaurants, transit, and Lions Gate Hospital. Can be combined with 164 & 166 East 10th St for ~12,000 square ft development site. (id:64973)
At $368 per square foot, this 1911 heritage building in Central Lonsdale is priced competitively compared to the North Vancouver market. Investors seeking a property with significant upside potential and a chance to restore a notable piece of the city's architectural history will find this a compelling opportunity.
Property Details
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Rose Marie Manno is a 5-star rated REALTOR® serving Metro Vancouver & the Fraser Valley.
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