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1149-1155 LYNN VALLEY ROAD, North Vancouver | $7,500,000

This is a rare opportunity to acquire an approved 100% market rental development site in the highly desirable Lynn Valley neighbourhood of North Vancouver. Approved 6-storey woodframe project with 66 market rental units. Located adjacent Lynn Valley Centre, this will be the first new purpose-built rental development in Lynn Valley in many years and is the first rezoning in the District of North Vancouver to not require below-market rents. No CACs or ACCs payable per approved rezoning and development permit. Can commence construction early 2027. Approvals represent considerable time and cost savings.

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Description

This is a rare opportunity to acquire an approved 100% market rental development site in the highly desirable Lynn Valley neighbourhood of North Vancouver. Approved 6-storey woodframe project with 66 market rental units. Located adjacent Lynn Valley Centre, this will be the first new purpose-built rental development in Lynn Valley in many years and is the first rezoning in the District of North Vancouver to not require below-market rents. No CACs or ACCs payable per approved rezoning and development permit. Can commence construction early 2027. Approvals represent considerable time and cost savings.

General Info

MLS Listing ID: C8081979 Bedrooms: 0 Bathrooms: 0 Year Built: 0
Parking: N/A Heating: N/A Lotsize: 16850 sqft Air Conditioning : N/A

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Disclaimer: E. & O.E. The information contained in this brochure has been obtained from the owner and other sources deemed reliable, but is not guaranteed by Planet Group Realty Inc. or BALJIT KOCHHAR– PREC* . Prospective Buyers should make full independent investigation of all facts of the property, including legal, accounting & taxation, prior to purchase .