Twin Lakes Townhomes - North Vancouver

JLL, as exclusive advisor, is pleased to present Twin Lakes, located at 3701-3817 Princess Avenue, North Vancouver, BC. This represents a unique investment opportunity in a rare 57-suite purpose-built rental townhouse community spread across 9.44 acres.

The Twin Lakes property is characterized by a lucrative unit mix of 2 and 3-bedroom townhouses, achieving a total rentable area of 75,120 SF with an average unit size of 1,318 SF. With a strong history of > 90% occupancy, it's further enhanced by over $1.5 million in recent capital improvements, facilitating a high-quality community atmosphere. Highlights include 45 renovated townhomes, private walking trails, and a heated swimming pool, providing an attractive appeal to family-oriented tenants.

Strategically situated in Upper Lonsdale, this location boasts proximity to the vibrant Lynn Valley Town Centre and educational institutions like Carisbrooke Elementary. Noteworthy are the exceptional outdoor recreational opportunities, with Grouse and Seymour Mountains nearby. Excellent connectivity is assured with easy access to Highway 1 and major bridges, offering efficient commute options across Metro Vancouver.

This property presents compelling value-add opportunities through potential rental income adjustments aligned with market rates and favorable financing scenarios, such as assuming a below-market loan. Twin Lakes guarantees cash flow stability and growth potential in an area of dynamic market fundamentals, making it an attractive proposition for savvy investors.