106 W 1ST Street

Lower Lonsdale North Vancouver V7M 1A9

Opportunity for an investor or owner/occupier to purchase an iconic investment property, ideally located on West 1st Street, close to Lonsdale Avenue in the heart of Lower Lonsdale. This charming early 20th Century commercial building maintains all its historic appeal without being registered as a heritage building. With extensive renovations throughout all four stories, this Property is an excellent opportunity as an investment property or ideal for an owner/user. Zoned as LL2 (Lower Lonsdale Zone 2), the Property is flexible for a multitude of both retail and office uses. The units in the Property are majority occupied and the Tenants are currently paying under market lease rates. Presently, the office vacancy rate for North Vancouver is approximately 3.7%, making this a secure investment with upside.