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1149 1155 LYNN VALLEY Road
Lynn Valley North Vancouver V7J 2A1

$7,450,000
Land Commercial, Multi-Family Commercial

Main Photo: 1149 1155 LYNN VALLEY Road in North Vancouver: Lynn Valley Land Commercial for sale : MLS®# C8046608
Photo 1: 1149 1155 LYNN VALLEY Road in North Vancouver: Lynn Valley Land Commercial for sale : MLS®# C8046608
Photo 2: 1149 1155 LYNN VALLEY Road in North Vancouver: Lynn Valley Land Commercial for sale : MLS®# C8046608
Photo 3: 1149 1155 LYNN VALLEY Road in North Vancouver: Lynn Valley Land Commercial for sale : MLS®# C8046608
Photo 4: 1149 1155 LYNN VALLEY Road in North Vancouver: Lynn Valley Land Commercial for sale : MLS®# C8046608
Photo 5: 1149 1155 LYNN VALLEY Road in North Vancouver: Lynn Valley Land Commercial for sale : MLS®# C8046608
Photo 6: 1149 1155 LYNN VALLEY Road in North Vancouver: Lynn Valley Land Commercial for sale : MLS®# C8046608
Photo 7: 1149 1155 LYNN VALLEY Road in North Vancouver: Lynn Valley Land Commercial for sale : MLS®# C8046608
Photo 8: 1149 1155 LYNN VALLEY Road in North Vancouver: Lynn Valley Land Commercial for sale : MLS®# C8046608
Photo 9: 1149 1155 LYNN VALLEY Road in North Vancouver: Lynn Valley Land Commercial for sale : MLS®# C8046608
Photo 10: 1149 1155 LYNN VALLEY Road in North Vancouver: Lynn Valley Land Commercial for sale : MLS®# C8046608
Photo 11: 1149 1155 LYNN VALLEY Road in North Vancouver: Lynn Valley Land Commercial for sale : MLS®# C8046608
Status:
Active
Prop. Type:
Land Commercial, Multi-Family Commercial
MLS® Num:
C8046608
Avison Young is pleased to market for sale a 16,852 square foot residential development site in the heart of Lynn Valley. The Subject Property is located at 1149 - 1155 Lynn Valley Road neighbouring Lynn Valley Town Centre offering future residents immediate access to shopping, services, and amenities. The Ownership has carried the development site through conversations with the District of North Vancouver in 2021 & 2022 to build a sixty (60) unit residential rental development. This is a remarkable investment opportunity for a developer to acquire a premier development lot with more than 190 feet of frontage on Lynn Valley Road in a strata and rental supply constrained market with immense upward pressure on rentable and saleable rates.
Sale Type:
Asset
Name of Complex/Subdivision:
# Other Units:
Lot Area:
16,852 sq. ft.
Land Use/Zoning:
RS3
Permitted Use:
Multifamily (5+)
Taxes:
$10,973.05 / 2022
Water Rights:
No
Roof:
Potential to Redevelop:
Yes
Env Assmt Phase:
Yes
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
Tot Gross Sales:
Condo Fee:
Previous Price:
Original Price:
  • Photo 1: 1149 1155 LYNN VALLEY Road in North Vancouver: Lynn Valley Land Commercial for sale : MLS®# C8046608
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Listed by Avison Young
Data was last updated October 2, 2022 at 09:10 PM (UTC)
Bruce Long CCIM, FRI, PREC
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