6822 Arcola Street Burnaby, British Columbia V5E 1H3
$3,628,000
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! (id:49203)
Property Details
| MLS® Number | C8069198 |
| Property Type | Multi-family |
Building
| Constructed Date | 1958 |
| Size Interior | 9000 Sqft |
Land
| Acreage | No |
| Size Irregular | 9000 |
| Size Total | 9000 Sqft |
| Size Total Text | 9000 Sqft |
| Zoning Description | Rm3 |
https://www.realtor.ca/real-estate/28312483/6822-arcola-street-burnaby
Interested?
Contact us for more information
Naomi Wang
Personal Real Estate Corporation
www.naomiwang.ca
#205 - 2607 East 49th Avenue
Vancouver, British Columbia V5S 1J9
(604) 257-8888
(604) 257-8889
westcoastkillarney.sutton.com
Lynn Choy
5487 West Boulevard
Vancouver, British Columbia V6M 3W5
(604) 737-8865
(604) 737-8512
www.rspvan.com
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
September 11 2025 10:02:15
Real Estate Board Of Greater Vancouver
Sutton Group-West Coast Realty, RE/MAX Select Properties