Opportunity

Macdonald Commercial is pleased to present the opportunity to purchase two (2) light industrial properties, located adjacent to one another to combine a site size of 1.13 acres which is ideal as for a redevelopment in the heart of the Lynn Creek Town Centre (OCP), one of the Districts most active, vibrant, developing neighbourhoods. This property is currently zoned I-3 Light Industrial with the Official Community Plan designation, Light Industrial Commercial (LIC), which promotes a mix of industrial, warehouse, office, service, utility and business park type use, along with supportive retail and limited residential uses. In addition, it’s also an excellent opportunity for an owner-user or investor with flexible lease terms with current tenants.

The District of North Vancouver’s vision for this industrial and commercial area of Lynn Creek Town Centre is to have repurposed light industrial with “flexible zoning that will encourage innovation”, “support light industrial uses and encourage intensification of these uses on existing employment lands”, “ support industrial infilled development and the redevelopment of underutilized sites on employment lands” and “review the zoning bylaw regulations to facilitate intensification of light industrial uses.”: - also see dnv.org for their Lynn Creek Town Centre video outlining this vision.

Location

Both properties are located adjacent to one another, on the north side of Crown Street within in the Lynn Creek Town Centre of the District of North Vancouver. Conveniently just minutes away from the Trans-Canada Highway (Hwy #1), with access via Main Street or Mountain Highway. Downtown Vancouver is just a 25 minute drive by car or via the SeaBus ferry service from Lonsdale Quay. The immediate area surrounding the property has seen significant major residential and commercial mid and high rise developments, with Crown Street enjoying an increase in foot traffic from these residential properties.