$5,488,000

7030 Hall Avenue, Burnaby, BC V5E 3A9

MLS® C8081191

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.

Property

Property type

Commercial Sale

Style

Multi Family

Ownership

Freehold

Lot and parking

Lot size

15,681.6 sq ft

Costs

Annual property tax

$15,847

Tax year

2,025

Location

Area

Burnaby South

Neighbourhood

Highgate

Waterfront

No