$3,628,000
6822 ARCOLA STREET
Burnaby, British Columbia, V5E1H3
About This Property
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:64938)
Quick Info
MLS#
C8069198
Days on Market
308
Listed On
May 14, 2025
Aman Nanda
Personal Real Estate Corporation
Property Details
Architecture
Property Features
Tax / Financial
Mortgage Calculator
5-Year FixedYour monthly payment
$16,095
Incl. tax & strata
Aman Nanda
DLC AIMI Collective Mortgage Group
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Listing Office
Listing provided courtesy of RE/MAX City Realty
Aman Nanda
Personal Real Estate Corporation
