We are pleased to present this unique opportunity to acquire a fully functioning private school property in North Vancouver. Located on a 6.5 acre site, the school contains all the facilities of a typical school including classrooms, library, gym/auditorium, cafeteria and boarding facilities with 350 dorm beds.
An 11-unit apartment building, known as Bel Aire Apartments at 6356 East Boulevard, has sold for $4,710,000, or $428,000 per unit, or a 2.10% cap rate. The buyer is East Boulevard Property (Westland) Ltd. The building had been listed for sale for $5,000,000.
A development application has been filed by Next Pacific Ventures Ltd. for a 6,754 site on East Pender Street near Clark Drive. The plan for the I-2 zoned property at 1257 East Pender Street includes:
- a 7-storey industrial building
- 20,262 SF of floorspace (6,700 SF of office and 9,200 SF of workshop space)
- manufacturing and general office uses
- 2 levels of underground parking
The application is conditional under the I-2 zoning, which permits a height up to 100 ft. and allows some general office space in conjunction with industrial uses.