6822 Arcola St - Apartments FOR SALE


Burnaby, BC V5E 1H3
$3,980,000 CAD
778-833-1688
6822 Arcola St, Burnaby, BC for Sale
$3,980,000 CAD
Apartments - FOR SALE
1/3
null | Request Cap Rate

6822 Arcola St
Burnaby, BC V5E 1H3


OVERVIEW

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!

FOR SALE DETAILS

PRICE

$3,980,000 CAD

PRICE/SF

$442 CAD /SF

# OF UNITS

10

PRICE/UNIT

$398,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

-

LAND DETAILS

LAND ACRES

8.9 AC

LAND SF

387,684 SF

ZONING

RM3

APN/PARCEL ID

010-404-082

ASK ABOUT THIS PROPERTY

Naomi WangRE/MAX City RealtyMore Info
778-833-1688

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Naomi WangRE/MAX City RealtyMore Info
778-833-1688

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.