1635 Marine Dr - Newly Built Mixed Use Building
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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
Unit Mix Information
Description | No. Units | Avg. Rent.Mo | SF |
---|---|---|---|
1+1 | 1 | - | 561 |
2+1 | 2 | - | 612 - 712 |
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Walk Score ®
Very Walkable (82)
Bike Score ®
Biker's Paradise (90)
zoning
Zoning Code | C9 (Marine Drive Commercial Zone 9) |
C9 (Marine Drive Commercial Zone 9) |
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1635 Marine Dr - Newly Built Mixed Use Building
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