Look beyond the cap rate and discover very attractive low operating costs at Burnaby Mountainview Apartments: - No elevators, no monthly maintenance expense and no elevator modernizations - No sub surface parkade, no leaky parkades to repair, no parkade membranes to replace - No basements in 3 buildings, all above grade translates into lower operating costs - No long hallways, designed to 90% efficiency with 47,000 net rentable area. Consistent year over year income growth. Rent increase on tenant turnover averaging 25% 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 An excellent land banking opportunity. Potential to redevelop the large surface area parking without incurring any tenant displacement or tenant relocation costs.