6822 Arcola Street Burnaby, British Columbia V5E 1H3
$3,980,000
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:62739)
Property Details
| MLS® Number | C8069198 |
| Property Type | Multi-family |
| Neigbourhood | Edmonds |
Building
| Constructed Date | 1958 |
| Size Interior | 9,000 Ft2 |
Land
| Acreage | No |
| Size Irregular | 9000 |
| Size Total | 9000 Sqft |
| Size Total Text | 9000 Sqft |
| Zoning Description | Rm3 |
https://www.realtor.ca/real-estate/28312483/6822-arcola-street-burnaby
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May 22 2025 03:59:47
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