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1635 Marine Drive
Norgate North Vancouver V7P 1V1

$3,980,000
Multi-Family Commercial, Retail

Main Photo: 1635 Marine Drive in North Vancouver: Norgate Multi-Family Commercial for sale : MLS®# C8070477
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Status:
Active
Prop. Type:
Multi-Family Commercial, Retail
MLS® Num:
C8070477
Build. Type:
Freestanding
Embrace the epitome of urban investment in the heart of North Vancouvers Norgate community. Meticulously rebuilt from the studs out; this fully vacant mixed-use property boasts three modern residential units and two perfect sized retail spaces facing the busy Marine Drive. Each residential unit exudes contemporary elegance, offering spacious layouts and premium finishes to cater to the discerning urban renter. The retail spaces are primed for occupancy, complete with storage, HVAC and a built out washroom. Centrally located, this building enjoys unparalleled access to transportation, amenities, and a diverse array of dining and entertainment options. Benefit from North Vancouver’s robust market fundamentals, including low vacancy rates, a burgeoning population, and upward pressure on rents strategically situated to capitalize on the city’s thriving economy and dynamic community.
Sale Type:
Asset
Ownership:
Freehold
Property Type:
Multi-Family Commercial, Retail
Commercial Type:
Retail
Construction:
Mixed
Num Storeys:
2
Building Type:
Freestanding, Mixed Use, Street-Level Storefront
# Bldgs:
1
# Units Total:
3
Year built:
1950 (Age: 75)
Living Area:
4,290 sq. ft.
Subject Property Depth:
75'
Subject Property Width:
39'6"
Lot Area:
3,049.2 sq. ft.
Zoning:
Potential to Redevelop:
C9 CRUM1 Development Mixed-Use Development 1.75 FSR, No
Fencing:
# Of Parking Spaces - Total:
Road Frontage:
Heating:
Electricity:
No
Parcel Number:
010618031
Taxes:
$28,092 / 2024
Storefront, Storage
No
Yes
# Elevators:
0
# Grade Doors:
1
# Loading Doors:
1
Water Rights:
No
Roof:
Potential to Redevelop:
C9 CRUM1 Development Mixed-Use Development 1.75 FSR, No
Env Assmt Phase:
No
Cap Rate %:
Gross Income:
Oper. Expenses:
Other Income:
Effective Gross Income:
Net Operating Income:
Previous Price:
Original Price:
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Listed by Royal LePage Sussex
Data was last updated July 3, 2025 at 05:35 PM (UTC)
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