Santa Monica Apartments

CBRE Limited and Avison Young are pleased to present a rare opportunity to acquire the 100% interest in the Santa Monica Apartments, a four-storey character-rich heritage investment property with 18 residential rental suites above four (4) retail

units prominently located in North Vancouver’s highly desirable Lower Lonsdale neighbourhood just steps from Lonsdale Avenue, the Lonsdale Quay and the SeaBus. The building has been well-maintained by the current owner and has received more than one and half million dollars in recent capital improvements. The charming residential suites are rich in character with a blend of vinyl and hardwood floors, bay windows and architecturally appealing cornices. The owner has completed significant building upgrades including newly renovated common areas, significant mechanical upgrades and has begun a renovation program of the residential suites, illustrating a proven path to revenue growth. The retail space has been demised into four (4) units with two (2) fronting East 1st and two (2) fronting Lolo Lane with all benefiting from the high traffic Lower Lonsdale location. Further information is available through the execution of a Confidentiality Agreement and offers will be presented as they are received for the Vendor’s consideration.