For Sale: 6822 Arcola Street, Burnaby, BC - REW
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$3,198,000
0 bd • ba • 9000 sf • Multifamily
6822 Arcola Street
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$3,198,000
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6822 Arcola StreetBurnaby, BC, V5E 1H3

Highgate
  • 0 Bed
  • Bath
  • 9000 Sqft
  • Multifamily

About this home

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:63626)
Listed by: Naomi Wang PREC*, Personal Real Estate Corporation, RE/MAX City Realty

Home facts and features

Price details
List Price
$3,198,000
Get Pre-Approved
Gross Taxes for 2024
$10,455
Home facts
Bedrooms
0
Full Bathrooms
Property Type
Multifamily
Lot Size
9000 ft²
Depth
Year Built
Built in 1958 (68 yrs old)
Community
Agent details
Primary Agent
Naomi Wang PREC*
Primary Broker
RE/MAX City Realty
Listing details
Days on REW
385 Days
Property Views
720
MLS® Number
C8069198
Source
Canadian Real Estate Association
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Estimated Payments
Purchase Price
Mortgage Total
Down Payment
Amortization
25 Years
Interest Rate
3.99%

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Property Insights

Windsor Elementary School
  • Public
  • K - 7
  • In Catchment
Byrne Creek Community School
  • Public
  • 8 - 12
  • In Catchment
St Francis de Sales School
  • Independent
  • K - 7
St Thomas More Collegiate
  • Independent
  • 8 - 12
Our Lady of Mercy School
  • Independent
  • K - 7
Deer Lake SDA School
  • Independent
  • K - 12
John Knox Christian School
  • Independent
  • K - 7
Burnaby Montessori School
  • Independent
  • K - 1
Purpose Independent Secondary School
  • Independent
  • 8 - 12
Urban Academy
  • Independent
  • K - 12
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Naomi Wang PREC*
Phone:
778-833-1688
Cell:
778-833-1688
Office:
604-439-2266
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By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.