Marine Drive, North Vancouver – Property Hot Spot

In 2012, North Van’s new Official Community Plan identified several new areas to densify as village centres. Marine Drive links several of these, and the area between the Lions Gate Bridge and Lonsdale has seen considerable attention from purchasers and developers recently. As the western entry to North Vancouver, it is developing into a mixed-use corridor active with pedestrians. Long gone are its days of “strip mall” orientation.

Many ageing properties have been redeveloped but many opportunities still exist. Retail at grade, interspersed with other commercial uses and residential above, has given this area a bright future and property values are climbing accordingly. Areas such as Lonsdale, are becoming saturated in terms of redevelopment, and this next location of attention is definitely attracting interest. Transit service to the Marine Drive area is good and the amenities of Lonsdale to the east and Ambleside to the west is attractive.

Commercial property prices are starting to take off in the area in the last 6 months. Sales at about $250-280 per buildable square foot are being achieved, as compared to double that in areas such as Broadway in Vancouver, which acts as another back office space area for Downtown Vancouver. Lower Lonsdale prices just to the east have been reaching $470-500 per buildable square foot, so a comparative advantage definitely exists in this area. Whether it be a strategy to redevelop or sit and hold, this area is definitely worth looking at.

Keep up to date

To be updated regularly with what’s happening in BC, simply click Property Hot Spots in Vancouver.

Or simply complete the form below for one of our specialists to contact you.

Related News

Spacious Cambie Village Condo for Sale

Fabulous Cambie Village Location. Bring your renovation ideas for this extra spacious 1407 sq. ft.2 bedroom/2 bathroom condo. Bright, quiet … Continue reading “Spacious Cambie Village Condo for Sale”

Stunning 3 level South Granville Townhome for Rent

Spacious, private 3 level townhome with over 1200 sq ft of serene outdoor patio space. 2 BR 3 baths Generous … Continue reading “Stunning 3 level South Granville Townhome for Rent”

Deluxe Coal Harbour Townhouse for Rent

Rarely available fully reno’d south facing, bright 3 level luxury townhome. End unit property for extra privacy and quiet. 2 … Continue reading “Deluxe Coal Harbour Townhouse for Rent”

View all

Featured Residential Properties

Just Added

Spacious Cambie Village Condo for Sale

Fabulous Cambie Village Location. Bring your renovation ideas for this extra spacious 1407 sq. ft.2 bedroom/2 bathroom condo. Bright, quiet … Continue reading “Spacious Cambie Village Condo for Sale”

View CAN$969,000

Acquired

Stunning 3 level South Granville Townhome for Rent

Spacious, private 3 level townhome with over 1200 sq ft of serene outdoor patio space. 2 BR 3 baths Generous … Continue reading “Stunning 3 level South Granville Townhome for Rent”

View CAN$4,800

Just Added

Penthouse with 360 Views

https://www.pixilink.com/168292#mode=tour Absolutely one of a kind! Spectacular 2 level 3,500 sq. ft. Penthouse with 360 degree City, Mountain, and Water … Continue reading “Penthouse with 360 Views”

View CAN$3,998,000

Contact Us

I'm Interested In...