216 E 3rd Street, North Vancouver

$3,120,000

6 Beds
8 Baths
3,954 Sqft
1977

Unique opportunity to acquire both sides of a Duplex in Lower Lonsdale on 6,003 sq.ft of land. Endless options: Renovate & live, hold & collect excellent rental income ($88,560 gross), or assemble with adjoining properties(222 & 224 E 3rd)& redevelop. Neighboring properties, 222/224 E 3rd must be sold together with 216 E 3rd. All 3 lots are currently zoned RT-1 & have an OCP Designation of R5 (Medium Density up to 6 stories) with a maximum density of 2.6FSR (1.60 Base with a potential bonus density of 1.0 FSR). Ideally located in close proximity to restaurants & shops on Lower Lonsdale/ Lonsdale Quay + walking distance to public transportation & Seabus. Potential for upper floor South facing Vancouver Harbour views in redevelopment. Tenanted property-do not walk on premises.

Property Details
Price$3,120,000
Year Built1977
TypeMulti-Family
Sub-TypeDuplex
Finished Levels2
Main Floor1,250 sqft
Total Size3,954 sqft
Bedrooms6
Full Baths6
Half Baths2
Property Taxes$9,464 /year
Title to LandFreehold NonStrata
Additional Information
MLS® #R2622021
Address216 E 3rd Street
SubdivisionLower Lonsdale
AreaNorth Vancouver
ProvinceBC
Listing OfficeSitings Realty Ltd.
Amenities and Features
Parking Spaces4
ParkingOpen
ViewPARTIAL CITY, MOUNTAIN, WATER
HeatingElectric
Lot Size
Lot Area6,004 sqft
Frontage50 ft
Depth120 ft
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Listing information last updated on January 16th, 2022 at 8:15pm PST.