Harbour Manor

• Leases in place with stable cash flow and upside
• Well-maintained character-rich building with extensive capital upgrades
• Abundance of natural light
• Excellent central location with frontage along East 1st Street and views of downtown Vancouver
• Proximity to Lonsdale Quay Market, the Shipyards, and Moodyville

Property Description

Avison Young is pleased to present the unique opportunity to acquire the iconic Harbour Manor, a character-rich commercial building with two (2) ground floor commercial/industrial units and four (4) stunning second floor office units located in the heart of Lower Lonsdale’s brewery district. The property fronts East 1st Street and is surrounded by amenities, an 8-minute walk to the SeaBus, and a 20-minute drive from downtown Vancouver. This charming early 20th century commercial building built in 1910 was the first apartment building constructed in Lower Lonsdale and has maintained its historic appeal while benefitting from several upgrades and use changes since the original construction. Tenants can enjoy lots of natural light, contemporary finished units, and both water and city views from the second floor. The Property is an excellent investment opportunity for investors and is zoned M-4 (Industrial Commercial), allowing for a variety of uses. Current rents are slightly below market, presenting an opportunity to increase rents upon turnover and renewals and grow overall cash flow. Future lease expirations allow for an owner-user to acquire the property and occupy a portion or all of the building in the near to mid term.