A 14-suite apartment building in North Vancouver’s Lower Lonsdale neighbourhood has sold for $4,700,000, or $335,714 per unit, at a 4.0% cap rate.

Details:

• Sale price: $4,700,000
• Price/unit: $335,714
• Cap rate: 4.0%
• Units: 14 (10 two-bedroom, 4 one-bedroom)
• Lot size: 6,534 SF
• Year built: 1954
• Sale date: May 2026

Known as Stanita Court, the property is a three-storey-plus-penthouse wood-frame building constructed in 1954, situated on a 6,534 square foot lot with 50 feet of frontage on East 6th Street. The unit mix comprises 10 two-bedroom suites and 4 one-bedroom suites. The building includes four surface parking stalls and owner-operated shared laundry.

The property is zoned CD-316 and designated Residential Level 6 under the City of North Vancouver’s Official Community Plan, located in the Lower Lonsdale submarket.

The property was listed and sold by Goodman Commercial.