423-425 E 2nd Street, Lower Lonsdale, North Vancouver

423-425 E 2nd Street, Lower Lonsdale, North Vancouver

$2,890,000

About this Duplex in Lower Lonsdale, North Vancouver

Seize this outstanding investment opportunity nestled in a prime location! Designated as R4A & zoned RG-3 with an FSR of up to 1.0, this property opens the door to the construction of 4 townhomes, each featuring a lock-off suite – an ideal prospect for developers. The current side-by-side 2-level duplex boasts great long term tenants, 3 bedrooms, 2.5 baths per side & generates an annual gross income of $49,800. Beautiful southern exposure and views of the city & water; lane access, a detached 2-car garage, garden & deck space, and a great walk score. Located just a stone's throw away from Lonsdale Quay and public transit, this property is perfectly situated for both convenience and accessibility. Built just 23 years ago, this property is in good condition. Hold, renovate or build.

Listed by Royal LePage Sussex.

  • MLS®: R2826470
  • Type: Duplex
  • Bedrooms: 6
  • Bathrooms: 6
  • Square Feet: 3,044 sqft
  • Lot Size: 6,000 sqft
  • Frontage: 50.00 ft
  • Depth: 120.00 ft
  • Full Baths: 4
  • Half Baths: 2
  • Taxes: $8739.89
  • Storeys: 2 storeys
  • Year Built: 2000
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Brought to you by your friendly REALTORS® through the MLS® System, courtesy of Top West Vancouver Real Estate & Luxury Homes Team for your convenience.

Disclaimer: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy. Trademark owned or controlled by The Canadian Real Estate Association. Used under license.

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