11 North Vancouver schools for sale or not.
The North Vancouver Board of Education is likely to find some stiff opposition to a proposal that could involve selling off 11 school district owned properties that are no longer needed.
11 North Vancouver schools for sale or not.
The North Vancouver Board of Education is likely to find some stiff opposition to a proposal that could involve selling off 11 school district owned properties that are no longer needed.
Values for freehold office buildings and strata office space remain stable in North Vancouver, with steady growth exhibited over the past several years, a trend expected to continue with new supply generally limited to a handful of sites.
This market is predominantly characterized by owner occupiers. The average sales value over the past five years in this market is $350 / SF. Newly built buidlings and strata space in the core areas of lower and mid-Lonsdale have achieved values approaching $500 / SF, with older product in business park or industrial areas reaching below $300 / SF.
Investment activity in this market has been relatively confined to strata sales since the acquisition of the Westmar Building (233 West 1st Avenue) by Upcountry Group in September 2009. Since the acquisition, Upcountry has strata-titled the building and rebranded it ‘The Lookout‘ with 31 units, ranging in size from 538 to 25,000 SF. Several units are still available in the building, averaging approximately $450-550 / SF.
Colliers is pleased to present a rare North Shore waterfront development opportunity in the Dollarton area.
Features:
Please contact David Taylor for further details.
david.taylor@colliers.com
604-692-1402