Harbour Manor

Harbour Manor is centrally located on the north side of East 1st Street, between St. Georges and St. Andrews Avenue in North Vancouver’s thriving Lower Lonsdale neighbourhood. Lower Lonsdale is an exceptional waterfront neighbourhood just 20-minutes from downtown Vancouver. The vibrant neighbourhood has unobstructed views of Vancouver’s stunning skyline to the south and the soaring North Shore mountains to the north. Lower Lonsdale is one of North Vancouver’s oldest and fastest growing neighbourhoods and is also a thriving business hub, with numerous headquartered offices and local businesses situated in the region. The Property is located within walking distance to the Lonsdale Quay Market and Shipyards District, which offers an array of restaurants, breweries, shopping and more. The location also benefits from various transportation options including many bus stops in the area and its walkable proximity to the Lonsdale Quay SeaBus Terminal which connects North Vancouver to downtown Vancouver and Waterfront Station (SkyTrain routes) in just 12 minutes.Avison Young is pleased to present the unique opportunity to acquire the iconic Harbour Manor, a character-rich commercial building with two (2) ground floor commercial/industrial units and four (4) stunning second floor office units located in the heart of Lower Lonsdale’s brewery district. The property fronts East 1st Street and is surrounded by amenities, an 8-minute walk to the SeaBus, and a 20-minute drive from downtown Vancouver. This charming early 20th century commercial building built in 1910 was the first apartment building constructed in Lower Lonsdale and has maintained its historic appeal while benefitting from several upgrades and use changes since the original construction. Tenants can enjoy lots of natural light, contemporary finished units, and both water and city views from the second floor. The Property is an excellent investment opportunity for investors and is zoned M-4 (Industrial Commercial), allowing for a variety of uses. Current rents are slightly below market, presenting an opportunity to increase rents upon turnover and renewals and grow overall cash flow. Future lease expirations allow for an owner-user to acquire the property and occupy a portion or all of the building in the near to mid term.