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1635 Marine Dr - Newly Built Mixed Use Building

5 Unit Apartment Building Offered at £2,300,128 at a 4.36% Net Initial Yield in North Vancouver, BC V7P 1V1

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 £2,300,128
Price Per Unit £460,026
Sale Type Investment
Net Initial Yield 4.36%
No. Units 5
Property Type
Residential
  • General Retail Storefront Retail/Residential
Apartment Style Low Rise
Building Size 3,827 SF
Average Occupancy 0%
Number of Floors 2
Year Built 2023

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 1 - 561
2+1 2 - 612 - 712
Walk Score ®
Very Walkable (82)
Bike Score ®
Biker's Paradise (90)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code C9 (Marine Drive Commercial Zone 9)
C9 (Marine Drive Commercial Zone 9)
  • Listing ID: 31905922

  • Date on Market: 23/05/2024

  • Last Updated:

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

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