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106 W 1st Street
Lower Lonsdale North Vancouver V7M 1A9

$9,475,000
Office, Retail

Main Photo: 106 W 1st Street in North Vancouver: Lower Lonsdale Office for sale : MLS®# C8072060
Photo 1: 106 W 1st Street in North Vancouver: Lower Lonsdale Office for sale : MLS®# C8072060
Photo 2: 106 W 1st Street in North Vancouver: Lower Lonsdale Office for sale : MLS®# C8072060
Photo 3: 106 W 1st Street in North Vancouver: Lower Lonsdale Office for sale : MLS®# C8072060
Photo 4: 106 W 1st Street in North Vancouver: Lower Lonsdale Office for sale : MLS®# C8072060
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Photo 22: 106 W 1st Street in North Vancouver: Lower Lonsdale Office for sale : MLS®# C8072060
Status:
Active
Prop. Type:
Office, Retail
MLS® Num:
C8072060
Build. Type:
Street-Level Storefront
A fully renovated office and retail building steps from Lonsdale Quay offered for sale at a 6.10% capitalization rate and well below replacement cost at only $385 per SF! Recently underwent a capital improvement campaign totaling approximately $1.2 Million, including structural upgrades. Considerable upside upon renewal with longstanding tenants and several have lease rate steps. Retail tenants include a popular vegan eatery and a local grocery store, plus unique laneway storefronts feature a dance studio and vintage clothing. Office tenants enjoy views of Downtown Vancouver and Burrard Inlet. Property held in a bare trust allowing for potential Property Transfer Tax savings.
Sale Type:
Asset
Ownership:
Freehold
Property Type:
Office, Retail
Commercial Type:
Office
Construction:
Concrete
Building Type:
Street-Level Storefront
Living Area:
24,619 sq. ft.
Lot Area:
6,098.4 sq. ft.
Zoning:
Fencing:
# Of Parking Spaces - Total:
Road Frontage:
Heating:
Electricity:
No
Sewer:
Public Sewer
Parcel Number:
005738539
Taxes:
$80,787.02 / 2025
Elevator Freight, Storefront, Washrooms Female/Male
No
Water Supply:
Public
Water Rights:
No
Roof:
Cap Rate %:
Gross Income:
Oper. Expenses:
Other Income:
Effective Gross Income:
Net Operating Income:
Previous Price:
Original Price:
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Listed by Paradigm Group Commercial Real Estate Services
Data was last updated October 4, 2025 at 04:40 PM (UTC)
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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
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