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$3,628,000

Burnaby BC, V5E 1H3

MLS® # C8069198

Property Information:

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:27)

Building Features:

  • Floor Space: 9000 sqft

Property Features:

  • Property Type: Multi-family
  • Built in: 1958
  • Floor Space (approx): 9000 Square Feet
  • Lot Size: 9000.00 Square Feet
  • Zoning: RM3

Courtesy of: RE/MAX City Realty, RE/MAX Crest Realty

REALTOR.ca  

Potential Investment Performance

There is not enough data on this property to provide a potential investment performance at this time, please click the button below for an in-person valuation

Location of 6822 ARCOLA STREET, Burnaby, British Columbia, V5E 1H3

Demographic Information of 6822 ARCOLA STREET, Burnaby, British Columbia, V5E 1H3

Life Stage

Young Singles

Employment Type

Service Sector

Average Household Income

$102,522.38

Average Number of Children

1.72

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

15.84 %

High school certificate or equivalent

32.49 %

Apprenticeship trade certificate/diploma

7.14 %

College/non-university certificate

16.44 %

University certificate (below bachelor)

0.56 %

University Degree

27.54 %

Commuter

Travel To Work

By Car

71.45 %

By Public Transit

23.66 %

By Walking

2.6 %

By Bicycle

0.0 %

By Other Methods

2.29 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

51.05 %

Houses

48.95 %

Own Vs. Rent