405 W 1182 16 Street, North Vancouver

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$4,500

405 W 1182 16 Street

Norgate, North Vancouver, BC, V7P 0B3

3 | 2 | 2 | 1,070 sq.ft. |

Penthouse living at The Drive 2. Rarely available south-facing 3 bdrm, 2 bath home with soaring ceilings, city views, and over 250 sq ft of outdoor space across 2 large balconies. Bright open living area features 13' ceilings, floor-to-ceiling windows, and access to a spacious terrace ideal for summer BBQs. Kitchen offers s/s appliances, gas range, quartz counters, and ample storage. Primary bdrm fits king-size furnishings, has walk-in closet, and opens to the terrace. Spa-like ensuite includes soaker tub, walk-in shower, and heated floors. Two additional bdrms and full second bath complete the layout. Building amenities include gym, party room, playground. Comes with 2 side by side parking stalls and a bike locker. Prime Marine Dr location near shops, dining, transit, and more.

Property Info

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MLS®: R3018138

Listing Courtesy of Unique Accommodations

Total Bedrooms 3

Total Bathrooms 2

Floor Space 1070 sq.ft.

Date Listed XXXX-XX-XX

Property Type Condo

Listed Price $4,500

Strata Fee $0.00

Interior Features

More Details

Floor Space Finished 0.00 sq.ft.

Out Door Area XXXXXXXXXX

Parking Total 2

Summary

Location and General Information

MLS Area Major: North Vancouver
Street Name: 16
City: North Vancouver
State Or Province: BC
Postal Code: V7P 0B3
Property Type: Residential Lease
Property Sub Type: Apartment/Condo

Interior and Exterior Features

Interior Features

Interior Features: Elevator

Exterior Features

Exterior Features: Balcony

Property

Utilities

Property and Assessments

Building Area Total: 1070
Living Area: 1070

Lot Information

Sold History

MAP & Nearby Facilities

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City Introduction

Overview of North Vancouver, BC, Canada

Population

North Vancouver is an important city in the Greater Vancouver region of British Columbia, with a population of approximately 170,000 (2024). North Vancouver is a multicultural city, primarily composed of white residents, with significant Chinese and South Asian communities. The city has a moderate population density and a friendly community atmosphere with a strong sense of belonging.

Economy

Key Industries: High-tech, film production, retail, and education. North Vancouver is home to several high-tech parks and film studios, making it a key economic hub in Western Canada.
Commercial Centers: Lonsdale Quay Market and Edgemont Village are the main commercial areas, offering a variety of retail shops and dining options.
Educational Resources: North Vancouver boasts numerous high-quality public and private schools, attracting many families to settle in the area.

Living Features

Natural Environment: North Vancouver is renowned for its stunning natural landscapes, including Mount Capilano and Lynn Canyon, ideal for outdoor activities.
Transportation: North Vancouver is well-connected to downtown Vancouver via SkyTrain and bus systems, with a commute time of about 30 minutes.
Multiculturalism: The city's diverse communities and cultural events make it an inclusive and vibrant place to live.

Real Estate Investment

Prices: North Vancouver's housing prices are relatively moderate compared to Vancouver, with detached homes averaging $2 million CAD and condos around $800,000 CAD (2024).

Opportunities:

Stable rental market: North Vancouver's universities and job opportunities attract a steady stream of renters, ensuring high rental yields.
Long-term growth potential: Proximity to downtown Vancouver and ongoing infrastructure projects support sustained property value growth.

Risks:

Foreign buyer taxes (20%) and vacancy taxes may increase investment costs.
Rapid price increases in some areas require careful timing for investments.

Verdict

North Vancouver is ideal for those seeking a high quality of life and long-term investment. Popular residential areas include Lonsdale and Edgemont Village, while properties near SkyTrain stations are attractive for investors.

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