Multifamily for Sale

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409-411 417-419 E 3rd Street
Lower Lonsdale North Vancouver V7L 1G3

$7,990,000
Multi-Family Commercial

Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8079372
A rare opportunity to acquire 12,000 sq.ft of prime land in one of North Vancouver's fastest-growing & most transformative neighbourhoods. Comprised of 4 half-duplex residences, this unique offering presents exceptional holding income with significant long-term redevelopment & assembly potential. Strategically located in the heart of Lower Lonsdale, this property sits within a rapidly evolving urban corridor surrounded by major residential & mixed-use development. Directly across the street, the landmark INNOVA community is reshaping the neighbourhood with hundreds of new homes & retail services, further elevating the area's desirability & investment profile. Potential exists to explore future assembly opportunities with neighbouring properties, creating a larger redevelopment site of approximately 18,000 to 24,000 sq.ft. The property benefits from excellent proximity to transit, the Spirit Trail, Moodyville Park, The Shipyards, Lower Lonsdale, and the rapidly expanding East 3rd Street corridor.
Sale Type:
Asset
Ownership:
Freehold
Property Type:
Multi-Family Commercial
Commercial Type:
Multi Family
# of Apartments:
4
Lot Area:
12,196.8 sq. ft.
Zoning:
Fencing:
# Of Parking Spaces - Total:
Road Frontage:
Heating:
Electricity:
No
Parcel Number:
026359693
Taxes:
$21,321.73 / 2025
No
Water Rights:
No
Roof:
Cap Rate %:
Gross Income:
Oper. Expenses:
Other Income:
Effective Gross Income:
Net Operating Income:
Previous Price:
Original Price:
Listed by Sutton Group-West Coast Realty
Data was last updated June 7, 2026 at 11:35 AM (UTC)
PRINCESS PAN
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