350 E 2ND STREET
North Vancouver, Lower Lonsdale V7L 1C7
No obligation, free tour cancelation.
BedsBeds · 0
BathsBaths · 0
SqftSqft · 8785
Description
In place net income of $374,000. Market income of approx. $382,000 (potential for 4%+ going in Cap Rate). Biennial bumps in rent of 3%-5% with KinderBees = 28% growth next thirteen years - $354,496 today vs $453,131 in final year, long-term lease in place with KinderBees Early Learning Centre throug...h 2036. Underlying development potential on nearly 27,000sq.ft. of land. Frontage on both East 2nd Street and East 3rd Street. Recent renovations totaling over $1 million to restore Hamersley House to its former glory. Owner will consider all offers. Easy access to public transit and close proximity to all the amenities of the award winning Shipyards District. Coach House currently rented for $1,750/month on mos-to-mos basis.Conditional upon rezoning
