$2,995,000

1570 Sperling Avenue, Burnaby, BC V5B 4J9

MLS® C8078284

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

Commercial Sale

Style

Multi Family

Structure

Mul Tenant/MultiPlex (5+)

Year built

1,966

Ownership

Freehold

Levels

2

Systems

Heating

Baseboard, Electric, Forced Air, HVAC System

Cooling

Electric, Forced Air, HVAC System

Lot and parking

Lot size

9,147.6 sq ft

Parking spaces

5

Costs

Annual property tax

$7,903

Tax year

2,025

Location

Area

Burnaby North

Neighbourhood

Sperling-Duthie

Waterfront

No