246 W 5th Street — North Vancouver


$ 2,980,000 FOR SALE MLS# R3099465
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Unique opportunity to acquire both sides of a Duplex in Lower Lonsdale on 6,000 sq ft of land. Opportunity awaits - be it a MULTI-GENERATIONAL family living arrangement or HOLDING PROPERTY on a 50 X 120 with great development potential. Walking distance to vibrant Lower Lonsdale, some nice views, offering a side by side duplex, effectively a 4plex building with 3 beds upstairs & 2 baths on each side. The main floor offers 2 bedroom suites on each side. All have fireplaces. Can be used for income property or redevelop new duplex - your choice. An incredible opportunity that doesn’t come around often. Currently rental income ($113,400 annually).
MLS® ReciprocityThis representation is based on data supplied under MLS® Reciprocity.
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Property Details

Bedrooms10
Bathrooms6
Living Area4,030 sqft
Lot Area6,000 sqft
Property TypeResidential Income – Duplex
MLS® R3099465
StatusActive
Listing BrokerSutton Group-West Coast Realty

Property History

DateMLS #PriceEvent
Mmm 00, 0000 R0000000 $0,000,000 Listed
1 event on record for this property

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Market Overview

Lower Lonsdale · North Vancouver · Townhomes & Attached

Active PropertiesAll ActiveThis Property
Townhomes & Attached44
Median Asking Price $ 1,394,000 $ 2,980,000
Median Price per SqFt $933 $739
Median Days on Market 60
Sold Properties Aug 2026Jul 2026Aug 2025
Townhomes & Attached 0 ▼100.0% 1 8
Median Selling Price ▼100.0% $ 1,050,000 $ 1,440,000
Median Price per SqFt ▼100.0% $699 $821
Median Days on Market 488
Median Discount Off Ask 15.0%0.3%
New Listings 5150
Months of Inventory 10.6

At the current sales pace, it would take about 11 months to sell all the homes currently for sale here — a Buyer's market.

SELLER'S
BALANCED
BUYER'S

More homes are for sale than there are buyers, so buyers tend to have more choice and more room to negotiate on price.

What's this?

Months of inventory = the number of homes currently for sale ÷ the average number sold per month recently. As a rule of thumb, under 5 months favours sellers, 5–8 is balanced, and over 8 favours buyers.

Lower Lonsdale: Number of Sales

Lower Lonsdale: Median Sold Price

Lower Lonsdale: Median Sold Price per SqFt

Aggregate market statistics from the MLS® for Lower Lonsdale. Figures are medians and may reflect small sample sizes in a single neighbourhood. Not an appraisal — ask a team member to verify.