Mixed-use investment property on a prominent corner site in North Burnaby offering stable in-place income with revenue upside and future redevelopment potential. Located at the southwest corner of Hastings Street and Beta Avenue, the 11,880 sf site is improved with a well maintained two-storey building comprising 4 retail units and 9 residential suites. The property benefits from diversified income, strong retail frontage, and an established neighbourhood commercial setting a…long a major transit corridor with direct access to SFU and Downtown Vancouver. Designated Neighbourhood Commercial with a Low-Rise Residential 2 overlay under the Burnaby 2050 OCP, supporting future mixed-use redevelopment. Ideal for investors seeking secure cash flow and long-term growth. CAP Rate ~4.15%
Listed by Macdonald Commercial Real Estate Services Ltd..