Property Description
The Colonial Apartments – a rare Heritage “A” building in Central Lonsdale, perfect for investors or those who value character and future potential. This three-storey walk-up features six 2 bedroom, 1 bathroom self-contained suites currently rented, with significant upside. While the building would benefit from updates, it is priced to reflect the opportunity to add value and restore a notable piece of North Vancouver’s architectural history. Zoned RM-1 (Medium Density), the property allows a 1.6 FSR with potential for an additional 1.0 FSR bonus, creating excellent redevelopment or future density potential. Steps from Whole Foods Market, restaurants, transit, and Lions Gate Hospital. Can be combined with 164 & 166 East 10th St for ~12,000 sq ft development site.