Cushman & Wakefield presents investors the opportunity to acquire a turn-key multifamily investment property located at 132 East 20thStreet, North Vancouver, BC (the “Property”), a nineteen-suite rental apartment building of modern condo-quality comprised of an attractive suite with over 14,000 square feet of Net Rentable Area (“NRA”).
Strategically positioned in the City of North Vancouver’s highly desirable Central Lonsdale neighborhood, the Property is in excellent condition and surrounded by a variety of amenities along the Lonsdale corridor. The current rents average $2.65 per square foot which is notably below market. The consistent tenant turnover demonstrated at the Property coupled with continued upward pressure on rents provides investors a clear path to income and investment yield growth.