311-313 West 4th Street, North Vancouver

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311-313 West 4th Street, North Vancouver

$2,700,000 - Apartment Building, Development Site - Under contract

Property Attachments

Information Package

5-Unit Apartment Building with Redevelopment Potential

The Opportunity

The subject property is one block north of the transportation hub of West 3rd Street. This location has a downhill gradient so views are available above the 3rd floor. West 4th is a quiet street zoned to increase density to 2.6 FAR. The price reflects a substantial discount from the value it would reflect if it was an assembled site. Great holding potential while realizing good a capitalization rate of 3%.

The property has an area currently used as storage and rented at $500/month. The space has bathroom and could easily be converted to a one-bedroom unit.

The Investment Highlights

  • Strong cash flow
  • 6-storey redevelopment potential
  • Close to rapid transit
  • Potential additional suite

Property Details
Number of Units 5
Lot Size 5,994 SF (50′ x 120′)
Zoning Density allowing 6-storey with 2.6 FAR
Year Built 1954
Property Taxes (2018) $7,321

Suite Mix
One-Bedroom 3 units*
Two-Bedroom 2 units
Total 10 units

*1 unauthorized

Property on Map

Property Attachments

No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and the same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice, and of any special listing conditions imposed by our principals no warranties or representations are made as to the condition of the property or any hazards contained therein are any to be implied.