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For Sale · Multifamily

140-142 ST. PATRICKS AVENUE, North Vancouver

140-142 ST. PATRICKS AVENUE, North Vancouver, BC V7L3N2

$3.2M total

—

Asset Class

Multifamily

Size

—

Building class

C

Zoning

RF6 — Medium Density

$ / SF

—

Occupancy

87%

Year Built

1977

Lot Size

0.13774104683195593 ac

About this property

A fourplex that offers 3 bedrooms in each unit opens this property up to many buyer types. Multigenerational living is a fantastic option here in North Vancouver's most vibrant neighborhood. 2 of the units offer 1.5 bathrooms and the other 2 offer 1. Investors and developers will appreciate the current income generation whether choosing to hold on or build in the near future. The site allows the building of Townhomes, Rowhomes, Duplexes, Triplexes and more. A stones throw from the Brewery District and walking distance to all amenities LoLo has to offer. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$3.20M
Down payment30% · $960K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$15K

Projected NOI

$122K

Annual cash flow

$-55K

Cash-on-cash

-5.72%

DSCR

0.69

Going-in cap

3.83%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

129,925

Households

59,862

Median income

$72,000

Median age

43.9

Daytime population

180,942

5-yr growth

3%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 140-142 ST. PATRICKS AVENUE, North Vancouver.

NDA required

  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.