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1635 Marine Dr - Newly Built Mixed Use Building 5 Unit Apartment Building Offered at £2,073,313 at a 4.68% Net Initial Yield North Vancouver, BC V7P 1V1

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INVESTMENT HIGHLIGHTS

  • Freestanding Mixed use Building (Retail and Residential)
  • Ideal for Owner-Occupiers (Dentist, GP, Pharmacy, Restaurant, possibility of a Daycare*, and/ more) or Investor
  • Fully Rebuilt

EXECUTIVE SUMMARY

Embrace the epitome of urban investment in the heart of North Vancouvers Norgate community. Meticulously renovated from the studs out; this fully vacant mixed-use property boasts three modern residential units and two perfect sized retail spaces facing the busy Marine Drive. Each residential unit exudes contemporary elegance, offering spacious layouts and premium finishes to cater to the discerning urban renter. The retail spaces are primed for occupancy, complete with storage, HVAC and a built out washroom. Centrally located, this building enjoys unparalleled access to transportation, amenities, and a diverse array of dining and entertainment options. Benefit from North Vancouver’s robust market fundamentals, including low vacancy rates, a burgeoning population, and upward pressure on rents strategically situated to capitalize on the city’s thriving economy and dynamic community.

PROPERTY FACTS

Price £2,073,313
Price Per Unit £414,663
Sale Type Investment
Yield 4.68%
No. Units 5
Property Type
Build-to-Rent
  • General Retail Shopfront Retail / Residential
Apartment Style Low-Rise
Costar Property Class C
Property Size 3,827 sq ft
Average Occupancy 0%
No. Floors 2
Year Built 2023
Use Class C9 - Marine Drive Commercial Zone 9

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT PCM sq ft
1+1 1 - 561
2+1 2 - 612 - 712
Walk Score®
Easily Walkable (83)
Bike Score®
Ideal For Cyclists (90)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures how walkable a location is.
Transit Score® measures access to public transport.
Bike Score® measures how accessible a location is by bike
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures how walkable
a location is. Transit Score®
measures access to public transport. Bike Score®
measures how accessible a location is by bike®
  • Listing ID: 31905922

  • Date on Market: 23/05/2024

  • Last Updated:

  • Address: 1635 Marine Dr, North Vancouver, BC V7P 1V1

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