North Shore News January 21 2015

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WEDNESDAY

January 21 2015

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North Van boarding school for sale International buyer sought for $34-million Dollarton site BRENT RICHTER brichter@nsnews.com

A shuttered private school in Maplewood is on the market for close to $33.9 million. The 6.5-acre property at 2420 Dollarton Hwy.

comes with classrooms, a gymnasium, a cafeteria, offices and three dormitories large enough to house 350 students. The school has had various owners and operators since it was built in the late ’80s by Japanese

investors. It has been called Goldenwood Hall, Canadian International College and The Westside School until it shut down and the school operators walked away from the lease in September last year. The current owners considered looking for a new tenant but they had been approached by other private school operators looking

to buy in recent years, according to David Taylor, the Colliers International agent representing the owners. “They decided to put it on the market and explore what the level of interest is given the dynamics in Vancouver right now, which is that private school enrolment is going up.What’s interesting about this particular school is that

it has dorm facilities, which is quite rare,” he said. The only other boarding schools in the Lower Mainland are St. George’s School in Vancouver and Bodwell High School in North Vancouver, both of which have waitlists for students to be entered into the dorms. “We based the price on what would be an investors’

expectation of return based on that lease rate,”Taylor said. There has also been some interest in the land’s industrial potential. The property is mostly surrounded by an undeveloped piece of land owned by Port Metro Vancouver.The port has See Site page 5

RCMP release arsonist footage BRENT RICHTER brichter@nsnews.com

Almost three weeks after a break-in and arson that threatened the Capilano University Library, North Vancouver RCMP are hoping someone from the public can help them identify their suspect. Investigators released surveillance camera footage on Tuesday that shows what happened in the early morning hours of Jan. 2. The fire was quickly doused by the building’s sprinkler system but the library was left with smoke and water damage and the suspect did pry open a safe and make off with an undisclosed amount of cash. “(The video) does show him walking into the room where he started the fire. See RCMP page 3

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