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For Sale

Lord Nelson Place Apartments

  • $16,400,000

Salient Details

  • Units 41
  • Suite Mix 28-1 Bedroom, 13-2 Bedroom
  • Lot Size 24,028 sf
  • Year Built 1973
  • Net Income $593,870
  • Cap Rate 3.62%
  • Price/Unit $400,000

Lord Nelson Place Apartments

Opportunity to acquire a 41-unit apartment building in the highly sought-after Lower Lonsdale neighbourhood. This property features spacious suites with a well-balanced unit mix, secure underground parking, and offers strong long-term development potential.
309 West 3rd Street - Brochure
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McEvay Blair Multifamily Group - Lord Nelson Place Apartments - 070 1

Investment Highlights

Excellent Upside
Significant room to increase rents upon turnover of the excellent suite mix, with spacious 1 bedrooms averaging $1,593/month and the 2 bedrooms averaging $1,983/month, an elevator, and secure underground parking.
Unmatched Location
The property offers an unmatched location, being steps from the Lonsdale Quay, Seabus terminal, Shipyards District, and an array of trendy shops, cafes, and restaurants.
Development Potential
The large 24,000 sf lot allows long term development potential, with the current official community plan allowing redevelopment up to 6 storeys and 2.6 FSR.
Population Growth
North Vancouver continues to see steady population growth and a diverse employment base, with nearly half of residents living in rental housing— supporting strong and resilient rental market fundamentals.

Gallery

Contact us

Adam Herman

Director

Personal Real Estate Corporation

(604) 652 3016

Adam.Herman@marcusmillichap.com

Email Adam

Patrick McEvay

Managing Director

Personal Real Estate Corporation

(604) 789 0720

Patrick.McEvay@marcusmillichap.com

Email Patrick

James Blair

Managing Director

Personal Real Estate Corporation

(604) 790 7089

James.Blair@marcusmillichap.com

Email James

Suvarna Sunil

Associate Director

(778) 772 5133
Sunil.Suvarna@marcusmillichap.com

Email Sunil

Patrick Ferrie

Associate

(250) 793 3498
Patrick.ferrie@marcusmillichap.com
Email Patrick