About this Multi-Family Commercial in Highgate
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 Highga…te Village, Edmonds Town Centre, Kingsway, Edmonds Skytraln Statlon and Metrotown, with shopping, restaurants, grocery stores, parks and other amenities nearby.
Listed by NAI Commercial.
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.
Listed by NAI Commercial.
Brought to you by your friendly REALTORS® through the MLS® System, courtesy of Ken Stef for your convenience.
Disclaimer: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.
More Details
- Type: Multi-Family Commercial
- Sub Type: Multi Family
More About Highgate, Burnaby South
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Postal Code: V5E 3A9
