The subject property is located on the highly exposed corner of Lonsdale Avenue and West Esplanade in the thriving Lower Lonsdale neighbourhood. Situated in proximity to downtown Vancouver, this waterfront district offers stunning views of the city skyline and the North Shore Mountains. Additionally, Lower Lonsdale benefits from a diverse and affluent population, as well as a steady influx of tourists drawn to its vibrant arts scene, recreational activities, and lively community events. The Property is located within walking distance to the Lonsdale Quay Market and the Shipyards District, which offers an array of restaurants, breweries, shopping and more. 51 Lonsdale Avenue’s location also benefits from various transportation options including many bus stops in the area and its walkable proximity to the Lonsdale Quay SeaBus Terminal which connects North Vancouver to downtown Vancouver and Waterfront Station (SkyTrain routes) in just 12 minutes.