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

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
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
Listing data is subject to copyright, disclaimer, and additional requirements from the data provider. See our Terms of Use for terms applicable to this listing. Listing data was last updated on 2026-06-05.