Partnership. Performance.
E V O
0 6 R
%
D L SO
Lift Breakfast Bakery
Mr. Sushi
FOR SALE Prime Location “A” Class Office Strata Units Wallace & McDowell Lower Lonsdale’s Best Address
Mehdi Shokri, Principal 604.647.1355
[email protected] Windsor Meats Nail spa
111
Browns Socialhouse
LONSDALE AVENUE NORTH VANCOUVER, BC
111
LONSDALE AVENUE NORTH VANCOUVER, BC 111 LONSDALE AVE Unit
Size (sf)
Price
Price/sf
111 Lonsdale Ave – Second Floor 201
1,050
SOLD
202
700
SOLD
203
542
SOLD
111 Lonsdale Ave – Third Floor
Opportunity -- Located in the new Wallace & McDowell mixed use development, the subject property offers three floors of “A” class office space. -- Blending heritage and modern design, the subject property faces south which provides incomparable water views and natural sunlight. -- Wallace & McDowell will be an integral building in the transforming Lower Lonsdale community.
301
1,050
$708,750
$675
302
775
$503,750
$650
303
1,127
$732,550
$650
3,282*
$1,945,050
$593
Total
111 Lonsdale Ave – Fourth Floor 1,050
SOLD
402
775
SOLD
403
1,131
SOLD
401
* Includes common area. Common area for second and third floors total 330 sf each.
-- Lower Lonsdale’s central waterfront strategy and several new commercial and residential developments will enhance the already vibrant business district.
103 LONSDALE AVENUE
-- Steps away from local amenities, restaurants and key public transportation hubs such as the Seabus and the Lonsdale Quay bus loop.
Heritage Building
Property Profile
Unit
Size (sf)
103
1,205
Price
Price/sf
$695,000
$577
Parking
-- Surrounded by breathtaking views of the mountains, water and the city of Vancouver; Wallace & McDowell is nestled in the core of Lower Lonsdale. -- Architecturally stunning, Wallace & McDowell will embody the synthesis of classic and modern with its first class standard design.
Purchaser will have the right to rent a commercial parking stall between the hours of 7:00 am to 6:00 pm at a cost of $95 per month, plus applicable taxes.
-- Notable tenants in the project include Browns Socialhouse, Lift Breakfast Bakery, Windsor Meats, Mr. Sushi Japanese restaurant and a nail spa.
Rositch He
120 Powell Stre Vancouver, BC C V6A 1G1
10'-0"
143.4' U/S OF CEILING
10'-0"
143.4.' U/C OF CEILING
www.rharchitec
133.4' 5th FLOOR ISSUED:
10'-6"
10'-6"
133.4.' 5th FLOOR
t 604.669.6002 f 604.669.1091
10'-6"
12'-3 1/2"
11'-1 1/2"
112.4' 3rd FLOOR
1. DPA 2. REVISED DPA 3. REVISED DPA 4. REZONING APPLIC
112.4' 3rd FLOOR
101.25' 2nd FLOOR
16'-0"
11'-5"
100.14' OFFICE LEVEL 3
57'-7 1/2"
122.9' 4th FLOOR
10'-6"
122.9' 4th FLOOR
88.72' OFFICE LEVEL 2
11'-5"
CRU 2 FLOOR LEVEL 85.8'
77.3' OFFICE LEVEL 1
EAST ELEVATION (LONSDALE AVENUE)
2. 1.
CITY C CITY C
NO. REVISION:
This drawing as an instr Rositch Hemphill Archit without the firm's permis drawing is for use in this be used otherwise with office. Contractors shall dimensions on the job a any discrepancies and var
ARCHITECTURAL SEA
Location -- The subject property is in near proximity to the Lions Gate Bridge, the Trans-Canada Highway and the Seabus (a 12 minute crossing to downtown Vancouver), allowing various options to get to any point in Metro Vancouver. -- With new construction and timeless heritage buildings, the retail and office markets in Lower Lonsdale are positioned to be the top performing locations on the North Shore.
Demographics -- North Vancouver maintains a 40% higher average household income than Metro Vancouver, with a median total income of $102, 826. -- Lower Lonsdale is anchored by key tenants such as Shoppers Drug Mart, IGA Marketplace, Boston Pizza, Waves Coffee, Starbucks, TD Canada Trust, the head offices of ICBC and A&W.
Business/Investment Opportunity -- Seaspan was awarded a $11.3 billion 30 year ship building and maintenance contract by the Federal Government and Goastguard, granting over 4,000 local workers long-term job stability as well as strengthening the local businesses of the area. -- A perfect synthesis of the past and the present, Wallace & McDowell is positioned to be Lower Lonsdale’s landmark building for years to come.
Third Floor
202
Purchase Price (Unit 302) $445,000
$333,750
Second Floor
201
Why Rent When You Can Own?
Financing
Floor Plans
LD O S
View from the 2nd floor
301
203
Client Down Payment
302
303
$111,250 • 75% financing • 3.5% interest rate • 25-year amortization
Monthly Mortgage Payment (approximate) $974 in interest
Fourth Floor
401
Heritage Building
LD O S 402
$697 in principal $1,671 total per month
Comparable Net Rental Rate $1,808 per month based on $28 psf NNN
403
*Office layout example only. Space can be altered and customized.
Restaurants 1. Sushi Bella 2. Burgoo Bistro 3. Fishworks 4. Pasparos Taverna 5. The District 6. Gusto Di Quattro 7. Lonsdale Quay Market 8. Pier 7
Coffee 9. Cafe For Contemporary Art 10. Waves 11. Starbucks
Convenience 12. Marketplace Iga 13. Shoppers Drug Mart 14. Bc Liquor Store
Activities 16. John Braithwaite Community Centre 17. Empire Esplanade 16 Movie Theatre 18. Derek Inman Tennis Courts 19. Yogapod 20. Bound Lotus Yoga Shopping 21. Obsession Bikes 22. Crocodile Baby 23. The Mill Fine Foods 24. Highwater Tackle
Partnership. Performance. Avison Young #2900-1055 W. Georgia Street Box 11109 Royal Centre Vancouver, BC V6E 3P3, Canada avisonyoung.com © 2015 Avison Young. All rights reserved.
Mehdi Shokri, Principal 604.647.1355
[email protected] E. & O.E.: The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed by Avison Young Commercial Real Estate (B.C.) Inc.; DBA, Avison Young