[vc_row][vc_column width="1/3"][vc_text_separator title="Summary" el_id="offering"][vc_column_text el_id="property_grid" css=".vc_custom_1622582365065{margin-bottom: 0px !important;}"] CIVIC ADDRESS 2916 Lonsdsale Ave North Vancouver, BC SITE SIZE 15,000 SF (approx.) RENTABLE AREA 7,350 SF (approx.) CURRENT ZONING General Commercial Zone 2 - C2 PARKING Approx. 36 stalls OCP DESIGNATION Commercial Residential Mixed-use Level 1 OCP DENSITY Up to 1.75 FSR TENANT OCCUPANCY 100% - 2 tenants Daycare Center & Taekwondo Studio STATUS SOLD [/vc_column_text][vc_column_text css_animation="fadeInLeft" css=".vc_custom_1576884122022{margin-bottom: 0px !important;padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;background-color: #000000 !important;}"] Schedule A Phone Consultation [/vc_column_text][vc_column_text css_animation="fadeInUp" css=".vc_custom_1597081792820{padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;background-color: #bfd857 !important;}" el_class="brochure"]           Download Brochure[/vc_column_text][/vc_column][vc_column width="2/3"][vc_text_separator title="The Opportunity" title_align="separator_align_left"][vc_column_text]2916 Lonsdale Avenue is a ± 7,350 SF retail plaza centrally located on Lonsdale Avenue, one of North Vancouver’s most prominent retail commercial corridors. The Subject Property is also located within a very affluent residential neighbourhood, is steps to public transportation, and is only 3 blocks north of the entrance to Highway 1, providing excellent connectivity to Downtown Vancouver and nearby municipalities. Highly visible and easily accessible ± 7,350 SF retail plaza, strategically positioned on a large ±15,000 SF corner site with approximately 120’ feet of frontage on Lonsdale Avenue; Currently 100% leased to 2 tenants: an established Taekwondo studio who’s historically been a long-term tenant at this property and throughout North Vancouver, and a Daycare Center, an extremely sought-after service in North Vancouver, which will be owned by an experienced operator who’s well known and highly regarded in the child care community; Both tenants are signed to brand new long-term net leases with rental escalations throughout the term and comprise of early termination rights in favour the landlord; Lonsdale Retail Plaza is well located in Upper Lonsdale with a bus stop directly across the street, providing quick and easy transportation to and from Lonsdale Quay Market & the Seabus, which quickly connects to Waterfront Station in Downtown Vancouver in just 12 minutes;   The property provides surface level parking and is built over top of a below-grade parking lot, providing approximately 36 parking spots; The property is identified within the District of North Vancouver’s OCP, providing basis for future re-development; The property is held in a bare trust and offers potential PPT Savings. This offering provides an exceptional opportunity for excellent holding income with an inherent underlying opportunity for future re-development in 8-10 years.[/vc_column_text][vc_text_separator title="Future Redevelopment Potential" title_align="separator_align_left"][vc_column_text]The Subject Property is designated as Commercial Residential Mixed Use Level 1 (CRMU1). Areas designated for CRMU1 are intended predominantly for general commercial purposes, such as retail, service and offices throughout the District. Residential uses above commercial uses at street level are generally encouraged. Development in this designation allow for a 4-storey mixed-use development up to approx. 1.75 FSR. The property’s location will also provide exceptional views of Downtown Vancouver from the upper floors.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_video link="https://www.youtube.com/watch?v=f_YKvKJ0MZ4"][vc_row_inner][vc_column_inner][vc_empty_space height="42px"][/vc_column_inner][/vc_row_inner][vc_single_image image="3051" img_size="full" alignment="center"][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height="52px"][vc_text_separator title="Property Photos" title_align="separator_align_left"][vc_gallery type="image_grid" images="4013,3033,3048,3049" img_size=""][/vc_column][/vc_row][vc_row][vc_column][vc_text_separator title="Contact" title_align="separator_align_left"][vc_row_inner][vc_column_inner width="1/3"][vc_column_text] KEVIN MURRAY Senior Sales Associate T +1 604 662 5171 kevin.murray4@cbre.com [/vc_column_text][/vc_column_inner][vc_column_inner width="1/3"][vc_column_text] LANCE COULSON Personal Real Estate Corporation Executive Vice President T +1 604 662 5141 lance.coulson@cbre.com [/vc_column_text][/vc_column_inner][vc_column_inner width="1/3"][vc_column_text] GREG AMBROSE Associate Vice President T +1 604 662 5178 greg.ambrose@cbre.com [/vc_column_text][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner][vc_column_text] [/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row full_width="stretch_row" disable_element="yes" css=".vc_custom_1523919993135{background-color: #f2f2f2 !important;}"][vc_column el_id="location"][vc_text_separator title="Location"][vc_column_text]The “Garden Manor Apartments” is strategically located on the northwest corner of Garden Avenue and Triumph Street within East Vancouver’s trendy Grandview Woodland Neighborhood. The subject property is just minutes from Downtown Vancouver, the Trans-Canada Highway, the North Shore and Vancouver Harbour. Garden Manor is within walking distance to the transforming East Hastings Corridor, which is being rejuvenated with numerous planned mixed-use developments comprising a complementary mix of residential, retail, shops and services. The property is also conveniently located just a few blocks from Commercial Drive comprising an electric mix of restaurants, specialty shops & services, grocery and many other tenant-friendly amenities. The recent influx and transformation of the area surrounding the subject property has attracted new retailers and notable hot spots such as JJ Bean Coffee Roasters, Parallel 49 Brewing Company, The Red Wagon and the Tacofino Commissary, which are all located in close proximity to the Garden Manor Apartments. 2285 Triumph Street's close proximity to Downtown Vancouver, walking distance to an excellent cross section of tenant-friendly amenities and its location in a safe, quiet and friendly neighborhood will continue to attract and retain quality tenants. [/vc_column_text][/vc_column][/vc_row]