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$ 3,980,000
Est. payment /mo
Active
6822 ARCOLA STREET Burnaby, BC V5E1H3
9,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,000 sqft
Price per Sqft $442
MLS® Listing ID C8069198
Year Built 1958
Lot Size 9,000 Sqft
Acres 9000.0
Source Greater Vancouver REALTORS®
Property Description
Fantastic investment and future development opportunity! This well-maintained 2-storey, 10-unit apartment building offers strong, reliable income with approximately $175,000 in annual rental revenue plus an additional $2,000 from laundry. Fully tenanted with long-term, stable renters. Numerous recent upgrades include new roofs, windows, boiler, furnace, exterior paint, and durable laminate flooring throughout'all contributing to lower maintenance costs and tenant satisfaction. Located in a high-demand, transit-friendly area close to shopping, schools, and amenities. This is a prime holding property with excellent cash flow and long-term value. Even more attractive is its location within a potential land assembly zone, with future redevelopment potential for up to 20-storey high-rise. Whether you're looking for steady income now or strategic upside in the future, this is a rare and solid opportunity for investors and developers alike.Secure this high-performing asset in a growing neighborhood! (id:24570)
Location
State BC
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Private Pool No
Listed by RE/MAX City Realty