Harbour Manor

250 East 1st Street, North Vancouver, British Columbia

FOR SALE

Property Details

  • PID: 007-701-039
  • Legal Description: LOT J BLOCK 154 DISTRICT LOT 274 PLAN 14912
  • Lot Size: 6,003 sf
  • Building Size: 5,357 sf
  • Zoning: M-4 (Industrial Commercial)
  • OCP Designation: Mixed Employment
  • Property Taxes (2023): $30,451.87
  • Asking Price: $4,400,000

Overview

Avison Young is pleased to present the unique opportunity to acquire the iconic Harbour Manor, a character-rich commercial building with two (2) ground floor commercial/industrial units and four (4) stunning second floor office units located in the heart of Lower Lonsdale’s brewery district. The property fronts East 1st Street and is surrounded by amenities, an 8-minute walk to the SeaBus, and a 20-minute drive from downtown Vancouver. This charming early 20th century commercial building built in 1910 was the first apartment building constructed in Lower Lonsdale and has maintained its historic appeal while benefitting from several upgrades and use changes since the original construction. Tenants can enjoy lots of natural light, contemporary finished units, and both water and city views from the second floor. The Property is an excellent investment opportunity for investors and is zoned M-4 (Industrial Commercial), allowing for a variety of uses. Current rents are slightly below market, presenting an opportunity to increase rents upon turnover and renewals and grow overall cash flow. Future lease expirations allow for an owner-user to acquire the property and occupy a portion or all of the building in the near to mid term. 

Investment Highlights

- Leases in place with stable cash flow and upside

- Well-maintained character-rich building with extensive capital upgrades

- Abundance of natural light
- Excellent central location with frontage along East 1st Street and views of downtown Vancouver

- Proximity to Lonsdale Quay Market, the Shipyards, and Moodyville

Location Map

Documents

Brochure

Team

Matt Thomas

Principal
Avison Young
+1 604 646 8383

Matt Upson

Associate
Avison Young
+1 604 647 1349

Please Use the Form Below for Further Information:


We will not send you spam or share your email address.