5087 Irving St - Apartments FOR SALE
Burnaby, BC V5H 1T6 |
$12,800,000 CAD
604-661-0868
5087 Irving St
Burnaby, BC V5H 1T6
HIGHLIGHTS
- Prime Metrotown location steps from two SkyTrain stations
- Strong redevelopment potential under proposed OCP (up to 40 storeys)
- Immaculately maintained building with extensive recent upgrades
- Surrounded by major retail, recreation, and employment hubs
- High rental demand supported by nearby universities and transit access
OVERVIEW
We are pleased to offer the opportunity to purchase a three-storey, 32-unit rental apartment building with future redevelopment potential. The offering is located in Burnaby’s Metrotown neighbourhood, nearby Metropolis Shopping Centre and within walking distance of Metrotown and Royal Oak SkyTrain Stations.
FOR SALE DETAILS
PRICE
$12,800,000 CAD
PRICE/SF
$640 CAD /SF
# OF UNITS
32
PRICE/UNIT
$400,000
CAP RATE
3.91%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
1969
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.47 AC
LAND SF
20,569 SF
ZONING
RM3
APN/PARCEL ID
007-053-916
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604-661-0868
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604-661-0868
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