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$ 7,280,000
Est. payment | /mo
0.27 Acres Lot
$ 7,280,000
Est. payment | /mo
0.27 Acres Lot
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type Asset
MLS Listing ID C8077696
Year Built 1960
Lot Size 0.270 Acres
Property Sub-Type Multi Family
Property Description
Mixed-use investment property on a prominent corner site in North Burnaby offering stable in-place income with revenue upside and future redevelopment potential. Located at the southwest corner of Hastings Street and Beta Avenue, the 11,880 sf site is improved with a well maintained two-storey building comprising 4 retail units and 9 residential suites. The property benefits from diversified income, strong retail frontage, and an established neighbourhood commercial setting along a major transit corridor with direct access to SFU and Downtown Vancouver. Designated Neighbourhood Commercial with a Low-Rise Residential 2 overlay under the Burnaby 2050 OCP, supporting future mixed-use redevelopment. Ideal for investors seeking secure cash flow and long-term growth. CAP Rate ~4.15%
Location
Province BC
Community Capitol Hill Bn
Area Burnaby North
Zoning C4A
Interior
Heating Mixed
Cooling Mixed
Building
Story 2
Sewer Public Sewer
Water Public
Others
Restrictions None Known
Ownership Freehold
Nearby Locations
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