$2,995,000

1570 Sperling Avenue, Burnaby, BC V5B 4J9

MLS® R3116592

Description

Sperling 5 — A rare opportunity to own a high performing multifamily asset in N Burnaby. Why you’ll want to invest here: 1. Income generating 5 suite property with 2025 NOI of $118k and clear upside through rent optimization, plus external storage lockers for added revenue. 2. Significant capital improvements, reducing near-term costs and improving long-term stability. 3. 9 bedrooms and 6 bathrooms on a 9,040 sqft lot with strong rental appeal across multiple tenant profiles, plus 5 parking stalls with lane access. 4. Prime N Burnaby location near transit, schools, shopping, parks, tennis, pickleball, and golf. 5. Future development potential adds long-term upside. Don’t miss this turnkey asset in N Burnaby, featuring strong income, significant upgrades, and long-term growth potential.

Property

Property type

Residential Income

Style

Duplex

Structure

Multi Family

Year built

1,966

Age

60 years

Ownership

Freehold NonStrata

Levels

Two

Interior

Bedrooms

9

Bathrooms

6

Full bathrooms

6

Half bathrooms

0

Living area

4,347 sq ft

Main floor finished area

2,214 sq ft

Basement

None

Fireplaces

2

Fireplace type

Wood Burning

Systems

Heating

Baseboard, Electric, Forced Air

Security

No Fire Sprinkler System, Smoke Detector(s)

Lot and parking

Lot size

9,040 sq ft

Lot dimensions

72.02 x 125.69

Lot features

Central Location, Near Golf Course, Lane Access, Recreation Nearby

Parking spaces

5

Parking

Carport Multiple, Rear Access

Carport spaces

Yes

Strata and restrictions

Strata fee

No

Age restriction

No

Costs

Annual property tax

$7,903

Tax year

2,025

Land lease

No

Location

Area

Burnaby North

Neighbourhood

Sperling-Duthie

Complex or subdivision

Sperling 5

View

No

Waterfront

No

Community features

Shopping Nearby

Exterior features

Private Yard