Burnaby Mountainview Apartments is comprised of 4 contiguous buildings addressed as 7120, 7140, 7160, 7180 Pandora Street.
- 48 units, 2 bed and 3 bed
- 3% rent increase took effect on May 1, 2025 for 40 of the 48 units in the building
- Infill opportunity to add additional 20+ rental housing units on surface level parking area without incurring tenant displacement and tenant relocation costs
Cost-Effective to Operate:
- No elevators to maintain or modernize.
- No below grade leaky parkades or costly membrane replacement projects
- No lobby’s and no long hallways to upgrade or modernize, each address has its own separate entrance
- Designed to 90% efficiency with 47,000 of net rentable area
Consistent year over year income growth. Rent increase on tenant turnover averaging 30% in 2025.
All suites are large and feature in-suite storage rooms. Opportunity to install in-suite laundry and increase rents by $200 /month/unit
Potential to redevelop the large surface area parking without incurring any tenant displacement or tenant relocation costs.