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Beautifully renovated 2-bed, 2-bath corner unit offering 1,071 sqft of bright, spacious living in the heart of vibrant Lower Lonsdale. Enjoy panoramic southeast ocean views, capturing the city, Metrotown, and beyond. With only three residences per floor, this home offers exceptional privacy and tranquillity. The thoughtfully designed layout features generous living spaces and abundant natural light throughout. Resort-style amenities include an outdoor lap pool, hot tub, beautifully maintained lawn and gardens, fitness centre, and bike room. Ideally located just steps to Lonsdale Quay, the Shipyards, SeaBus, Spirit Trail, shops, restaurants, and cafés. Includes 1 parking stall and 1 storage locker. Video: https://youtu.be/KpH3ECl8Kek - OPEN HOUSE: Saturday June 27, 2:00-4:00 PM.
| Basement Finished Area (sqft) | 0 |
|---|---|
| Basement Features | None |
| Appliances Included | Washer/Dryer, Dishwasher, Refrigerator, Stove |
| Interior Features | Elevator |
| Fireplace | 1 |
| Heating Type | Baseboard, Hot Water |
| Laundry | In Unit |
| # of Kitchens | 1 |
| Foundation | Concrete Perimeter |
| Exterior Features | Garden, Balcony |
|---|---|
| View Description | STUNNING OCEAN AND CITY VIEWS |
| Roof | Metal, Other |
| Structures | Multi Family, Residential Attached |
| Price | $1,274,999 |
|---|---|
| Total Bedrooms | 2 |
| Total Bathrooms | 2 |
| Full Bathrooms | 2 |
| Half Bathrooms | 0 |
| Floor Area Total (sqft) | 1071 |
| Year Built | 1990 |
| Age Of Building | 36 |
| Building Type | Apartment/Condo |
| Property Type | Residential |
| Stories | 1 |
| Building Amenities | Bike Room, Exercise Centre, Caretaker, Trash, Maintenance Grounds, Gas, Heat, Hot Water, Management, Recreation Facilities, Sewer, Water |
| Building Name | The Observatory |
| Ownership Type | Freehold Strata |
| Maintenance Fee | $812.8 |
| Community Features | Shopping Nearby |
| Amenities Nearby | Bike Room, Exercise Centre, Caretaker, Trash, Maintenance Grounds, Gas, Heat, Hot Water, Management, Recreation Facilities, Sewer, Water |
| Utility Type | Electricity Connected, Natural Gas Connected, Water Connected |
| Utility Sewer | Public Sewer, Sanitary Sewer, Storm Sewer |
| Water (WaterSource) | Public |
| Parking Type | Underground, Front Access |
| Total Parking Spaces | 1 |
| Strata Restrictions | Pets Allowed w/Rest.,Rentals Allwd w/Restrctns |
| Pet Restrictions | Cats OK, Dogs OK, Number Limit (Two), Yes With Restrictions |
| Units In Development | 73 |
| Lot Size Depth | Feet |
|---|---|
| MLS® # | R3118782 |
| Area | North Vancouver |
| Neighbourhood | Lower Lonsdale |
| City | North Vancouver |
| Postal Code | V7M 1C3 |
| Gross Taxes | $3,778.49 |
| Zoning | MFD |
| Floor | Type | Dimensions |
|---|---|---|
| Main Level | Foyer | 15'11 x 15'11 ft |
| Main Level | Dining Room | 16'5 x 16'5 ft |
| Main Level | Living Room | 15'11 x 15'11 ft |
| Main Level | Kitchen | 12'3 x 12'3 ft |
| Main Level | Primary Bedroom | 10'2 x 10'2 ft |
| Main Level | Bedroom | 10'7 x 10'7 ft |
| Main Level | Patio | 15'11 x 15'11 ft |
| Floor | Ensuite | Pieces |
|---|---|---|
| Main Level | Yes | #3 |
| Main Level | No | #3 |
Listed by: Oakwyn Realty Ltd.
NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.
Private Schools
Closest Transit
Crime Rate
Demographics
Noise/ Power Lines
Other
701 120 W 2nd Street has a sell-speed score of 71/100, placing it in the "Expected to sell within weeks" band. The listing is priced 5.8% below comparable active properties in Lower Lonsdale, which is a strong competitive signal. The local market is currently a Seller's Market with a sales-to-active ratio of 29.3% and an area average of 38 days on market — buyers are active. With only 246 competing homes currently listed, this property has significant competition. Based on these signals, EstateBlock predicts this listing is likely to sell within a few weeks.
Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V7M 1C3, over the next 30 years. Projections use the 2041–2070 period (2050s) under a moderate emissions scenario (SSP2-4.5).
Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk over the next 30 years.
Located within the "Vancouver" WUI zone (Risk Class 5 — Low). Based on BC Wildfire Service provincial WUI Risk Class mapping; not a site-specific assessment.
Annual avg PM2.5 3.9 µg/m³ — meets WHO 2021 guideline (BC ENV 2024). Nearest station: North Vancouver Mahon Park, North Vancouver (~1.2 km). Annual avg AQHI 2.1 — Low Risk.
North Vancouver - City currently sees ~1 days above 30 °C per year (1981–2010 baseline), projected to rise to ~6 by the 2050s (SSP2-4.5 moderate emissions). Hottest day of the year: ~29.8 °C baseline, ~32.2 °C projected. Tropical nights (>18 °C): ~0 baseline, ~4 projected.
Annual precipitation ~1601 mm (1981–2010 baseline), projected ~1661 mm by the 2050s. Extreme 1-day rainfall: ~53.1 mm baseline, ~59.2 mm projected. Values vary modestly across the Lower Mainland.
Longest annual dry spell (consecutive dry days): ~22 days baseline, ~24 days projected for the 2050s. CDD is used as a regional drought proxy; drought risk varies modestly across the Lower Mainland.
| School | Type | Grades Served | Catchment Info | Rating | Distance |
|---|---|---|---|---|---|
Based on 16 comparable active apartments/condos in Lower Lonsdale, the average asking price is $1,296,542. This listing is priced 1.7% below the neighbourhood average.
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