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$ 5,988,000
Est. payment | /mo
0.36 Acres Lot
$ 5,988,000
Est. payment | /mo
0.36 Acres Lot
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type Asset
MLS Listing ID C8081191
Lot Size 0.360 Acres
Property Sub-Type Multi Family
Property Description
Opportunity to acquire a 19 unit apartment building on a substantial 15,845 SF site in South Burnaby. The property is designated High Rise Apartment 1- 30 Storeys under Burnaby's OCP, offering significant long term redevelopment potential while providing income from the existing apartment building. Built in 1967, the three storey building consists of 18 one bedroom suites and 1 two bedroom suite with stabilized NOI of $229,338. The property is conveniently located near Highgate Village, Edmonds Town Centre, Kingsway, Edmonds Skytraln Statlon and Metrotown, with shopping, restaurants, grocery stores, parks and other amenities nearby.
Location
Province BC
Community Highgate
Area Burnaby South
Zoning R3R
Others
Ownership Freehold
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