Adera Planning New 60-Unit Rental Building for Upper Lonsdale

Adera has submitted a rezoning application to the City of North Vancouver for a property they own at 2762 Lonsdale Avenue in the Upper Lonsdale area of North Vancouver.

The 17,353 sq ft site is located mid-block on the east side of Lonsdale Avenue between 27th and 29th Streets. The site is currently improved with an older 3-storey walkup apartment building with 26 units.

The proposal is for a new 6-storey rental building that includes:

• 60 rental units;
  • 21 studios, 19 one-bedrooms, 11 two-bedrooms & 9 three-bedrooms;
  • 54 market units & 6 mid-market units;
• a total density of 2.33 FSR;
• 36 parking spaces.

The architect for the project is Integra Architecture.

Adera acquired the site in 2020 for $9,450,000 or $227 per buildable sq ft.