Partnership. Performance.
FOR SALE Prime Location “A” Class Office Strata Units Wallace & McDowell Lower Lonsdale’s Best Address
Mehdi Shokri, Principal 604.647.1355
[email protected] 111
LONSDALE AVENUE NORTH VANCOUVER, BC
111
LONSDALE AVENUE NORTH VANCOUVER, BC Suggested Pricing* Unit
Size (sf)
Price
Price/sf
Second Floor 201
1,050
$724,500
SOLD
202
700
$437,500
SOLD
542
$352,300
SOLD
2,622*
$1,514,300
$578
203 Total
Third Floor 301
1,050
$656,000
$625
302
775
$445,000
$575
303
1,127
$648,000
$575
3,282*
$1,749,000
$533
Opportunity
Total
-- Located in the new Wallace & McDowell mixed use development, the subject property offers three floors of “A” class office space.
401
1,050
$656,000
$625
402
775
$445,000
$575
-- Blending heritage and modern design, the subject property faces south which provides incomparable water views and natural sunlight.
Fourth Floor
403 Total
1,131
$650,000
$575
3,286*
$1,751,000
$533
-- Wallace & McDowell will be an integral building in the transforming Lower Lonsdale community.
* 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.
Parking & Storage
-- Steps away from local amenities, restaurants and key public transportation hubs such as the Seabus and the Lonsdale Quay bus loop.
-- 45 shared commercial parking stalls. -- 12 stalls in commercial bike room with lockers and shower.
Property Profile
-- Contact Agent for further details regarding parking.
-- Surrounded by breathtaking views of the mountains, water and the city of Vancouver; Wallace & McDowell is nestled in the core of Lower Lonsdale.
-- Onsite storage available.
-- Architecturally stunning, Wallace & McDowell will embody the synthesis of classic and modern with its first class standard design.
Floor Plans Second Floor
201
Third Floor
SOLD 202
203
301
Fourth Floor
302
303
401
402
403
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
Why Rent When You Can Own?
-- 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.
Purchase Price (Unit 302)
-- A perfect synthesis of the past and the present, Wallace & McDowell is positioned to be Lower Lonsdale’s landmark building for years to come.
$445,000
Financing
Rositch Hemphill Architects
$333,750
120 Powell Street, Unit 10 Vancouver, BC Canada V6A 1G1
10'-0"
143.4' U/S OF CEILING
10'-0"
143.4.' U/C OF CEILING
www.rharchitects.ca
Client Down Payment
133.4' 5th FLOOR
10'-6" 11'-1 1/2"
12'-3 1/2"
1. DPA 2. REVISED DPA 3. REVISED DPA 4. REZONING APPLICATION
88.72' OFFICE LEVEL 2
03 JUNE 2013 07 AUG 2013 21 OCT 2013 29 NOV 2013
$111,250 • 75% financing • 3.5% interest rate • 25-year amortization
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
112.4' 3rd FLOOR
DATE:
ISSUED:
10'-6"
10'-6"
133.4.' 5th FLOOR
t 604.669.6002 f 604.669.1091
11'-5"
CRU 2 FLOOR LEVEL 85.8'
77.3' OFFICE LEVEL 1
2. 1.
EAST ELEVATION (LONSDALE AVENUE)
Monthly Mortgage Payment (approximate)
CITY COMMENT REVS 21 OCT 2012 CITY COMMENT REVS 07 AUG 2012 DATE:
NO. REVISION:
This drawing as an instrument of service is the property of Rositch Hemphill Architects and may not be reproduced without the firm's permission. All information shown on the drawing is for use in this specific project only and shall not be used otherwise without written permission from this office. Contractors shall verify and be responsible for all dimensions on the job and this office shall be informed of any discrepancies and variations shown on drawing.
$974 in interest
ARCHITECTURAL SEAL:
$697 in principal $1,671 total per month
Rositch Hemphill Architects
143.4.' U/C OF CEILING
133.4.' 5th FLOOR
143.4.' U/C OF CEILING
10'-0"
122.9' 4th FLOOR
133.4.' 5th FLOOR
10'-6"
112.4' 3rd FLOOR
122.9' 4th FLOOR
10'-6"
Project Name
122.9' 4th FLOOR
DRAWING TITLE:
www.rharchitects.ca
ISSUED:
$1,808 per month based on $28 psf NNN DATE:
ELEVATIONS 1. DPA 2. REVISED DPA & 2ND LONSDALE 3. REVISED DPA DATABASE :
03 JUNE 2013 07 AUG 2013 21 OCT 2013 29 NOV 2013
SCALE :
1134-A4.0.dwg 3/32"=1'-0"
PLOTDATE : DRAWN :
100.14' OFFICE LEVEL 3
CHECKED : PROJECT NO.
88.72' OFFICE LEVEL 2 D.P. No : B.P. No :
PARKADE EXHAUST VENT
PAINTED MURAL WALL
CJ KSH
1134 DWG. NO.
NORTH ELEVATION (2ND STREET)
CRU 1 FLOOR LEVEL
Comparable Net Rental Rate
PROJECT:
Address
85.8' CRU 2 FLOOR LEVEL
15'-6"
85.3'
t 604.669.6002 f 604.669.1091
133.4' 5th FLOOR
112.4' 3rd FLOOR
A4.1
000000
77.3' OFFICE LEVEL 1
PAINTED MURAL WALL 62.8' CRU 10 LEVEL
WEST ELEVATION (LANE)
2. 1.
CITY COMMENT REVS 21 OCT 2012 CITY COMMENT REVS 07 AUG 2012
NO. REVISION:
143.4' U/S OF CEILING
0"
101.25' 2nd FLOOR
120 Powell Street, Unit 10 BC Canada V6A 1G1
Vancouver, CLIENT:
4. REZONING APPLICATION
101.25' 2nd FLOOR
11'-1 1/2"
112.4' 3rd FLOOR
143.4' U/S OF CEILING
DATE:
This drawing as an instrument of service is the property of Rositch Hemphill Architects and may not be reproduced without the firm's permission. All information shown on the drawing is for use in this specific project only and shall not be used otherwise without written permission from this office. Contractors shall verify and be responsible for all dimensions on the job and this office shall be informed of any discrepancies and variations shown on drawing.
ARCHITECTURAL SEAL:
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