10-suite
LocationThe subject property is situated in the Highgate area of Burnaby, just one block north of Kingsway and three blocks west of the Highgate Regional Shopping Centre. Transit is available on Kingsway.
Building Highlights
The building is a well maintained apartment with potential for a land assembly in the future. The Highgate area offers plenty of shopping within walking distance on Kingsway, where plenty of transit is also available. Building tenants are just over half of the current market, with a huge upside in rent.
Highlights
- Two storey wood frame walk-up with open rear lane accessed weekend parking.
- Windows are two years old.
- Roof is nine years old.
- Well maintained building with tenant paying heat and electric.
| Address | 6785 ARCOLA STREET, Burnaby |
| List Price | $3,750,000 |
| Type of Dwelling | COMM |
| Area | Burnaby South |
| Sub-Area | Highgate |
| Lot Size | 8993 Sq. Ft. |
| Year Built | 1955 |
| MLS® Number | C8019661 |
| Listing Brokerage | NAI Commercial |
| Postal Code | V5E 1H4 |
| Zoning | RM-3 |
| Tax Amount | $3,030.74 |
| Tax Year | 2017 |