North Van Multifamily Sale at 4.0% Cap Rate
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.
Own an apartment building in Metro Vancouver? I can provide a confidential opinion of current market value. — David Taylor, Colliers · 604-761-7044
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