Point Grey Home for Sale

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6822 Arcola Street
Highgate Burnaby V5E 1H3

$3,980,000
Multi-Family Commercial

Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8069198
Build. Type:
See Remarks
Well maintained 2 storey, 10 units apartment building. Total annual rental income from building around $175,000 plus laundry income of $2,000. New roofs, new windows, new boiler and furnace and painting and laminate flooring. Very good location with good tenants. Very strong consistent cash flow location, good holding property with potential for high rise 20 storey land assembly development.
Sale Type:
Asset
Ownership:
Freehold
Property Type:
Multi-Family Commercial
Commercial Type:
Multi Family
Construction:
Frame Wood
Num Storeys:
2
Building Type:
See Remarks
# Units Total:
10
# Other Units:
0
# of Apartments:
0
# of Studio Apartments:
0
# of Penthouse Apartments:
0
# of Bachelor Apartments:
0
# of 4+ Bedroom Apartments:
0
# of 1 Bedroom Apartments:
0
# of 2 Bedroom Apartments:
0
# of 3 Bedroom Apartments:
0
Year built:
1958 (Age: 67)
Living Area:
9,000 sq. ft.
Subject Property Depth:
120'
Subject Property Width:
75'
Lot Area:
9,147.6 sq. ft.
Zoning:
Potential to Redevelop:
Contact LR, No
Fencing:
# Of Parking Spaces - Total:
Road Frontage:
Heating:
Electricity:
No
Parcel Number:
010404082
Taxes:
$10,454.74 / 2024
No
3.255% ON THE FIRST $100,000 AND 1.1625% ON THE BALANCE
Water Rights:
No
Roof:
Potential to Redevelop:
Contact LR, No
Env Assmt Phase:
No
Cap Rate %:
Gross Income:
Oper. Expenses:
Other Income:
Effective Gross Income:
Net Operating Income:
Previous Price:
Original Price:
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Listed by RE/MAX City Realty and RE/MAX Crest Realty
Data was last updated May 17, 2025 at 06:40 PM (UTC)
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