Burnaby Mountainview Apartments is comprised of 4 contiguous buildings addressed as 7120, 7140, 7160, 7180 Pandora Street. - 48 units, 2 bed and 3 bed - Infill opportunity to add additional 20 rental housing units on surface level parking area without incurring tenant displacement and tenant relocation costs. Confirmed City support for this. 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.