Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Approx. Sqft 9000

Square Footage 9,000 sqft

Price per Sqft $355

MLS® Listing ID C8069198

Year Built 1958

Lot Size 9,000 Sqft

Acres 9000.0

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

Province BC

Rooms

Kitchen 0.0

Exterior

Parking Features No

View Y/N No

Attached Garage No

Garage No

Private Pool No

Listed by RE/MAX City Realty

6822 ARCOLA STREET Burnaby, BC V5E1H3

HOW MUCH WOULD YOU LIKE TO OFFER FOR THIS PROPERTY?

Nader Bakhoum,PMP, P.Eng.

Key Details

Location

Rooms

Exterior

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6822 ARCOLA STREET