311-313 West 4th Street, North Vancouver

311-313 West 4th Street | North Vancouver, BC

311-313 West 4th Street Under contract

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

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The Suite Mix

# of Units Average Size
1-Bedroom3*-
2-Bedroom2-
Total5-
*1 unauthorized

The Key Details

Price$2,700,000
Lot Size5,994 SF (50’ x 120’)
Assessed Value (2018)$2,884,500
Year Built1954
Property Taxes (2018)$7,321
ZoningDensity allowing 6-storey with 2.6 FAR

Property on Map

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.

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