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Active
6822 Arcola ST Burnaby, BC V5E 1H3
9,147 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type Asset
MLS Listing ID C8069198
Year Built 1958
Annual Tax Amount $10,454
Tax Year 2024
Lot Size 9,147 Sqft
Property Sub-Type Multi Family
Property Description
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!
Location
Province BC
Community Highgate
Area Burnaby South
Zoning RM3
Interior
Heating Hot Water
Building
Story 2
Others
Ownership Freehold