Ten-unit North Van rental building sold for $3.7M

The 64-year-old building in Lower Lonsdale is ripe for redevelopment

By
for Western Investor
March 24, 2020





DD North Vancouver 10-unit rental 132 West 4th Goodman

A 10-unit rental building in North Vancouver has sold for $3.7 million, reports Goodman Commercial. The 64-year-old property is in the popular Lower Lonsdale area and has development potential.

Breakdown:

Property type: Rental apartment building

Location: 132 West 4th Avenue, North Vancouver

Number of units: 10

Size of property: 6,720 square feet (net rentable)

Land size: 7,002 square feet

Zoning: RM-1

Sale price: $3.73 million

Price per unit: $385,000

Date of sale: March 13, 2020

Brokerage: Goodman Commercial Inc., Vancouver

Brokers: Mark Goodman and Cynthia Jagger


Mark Goodman is a principal at Goodman Commercial and specializes in the rental apartment and development site market in Metro Vancouver. He is also a co-publisher of The Goodman Report.

Goodman Commercial
560–2608 Granville Street,
Vancouver, B.C. V6H 3V3
Office: 604-558-5511
www.goodmanreport.com

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