7110 Linden Avenue

$8,880,000
For Sale



Description

Acquire 100% freehold interest in a 30 unit apartment building in the established community of Highgate in Burnaby. Ideally situated on a large 26,394 sf lot, the Property is within walking distance to the Highgate Village Shopping Centre, Edmonds Community Centre, and Edmonds Skytrain Station.

Opportunity Highlights

  • Central Highgate location with excellent access to amenities in the area.
  • Ideal suite mix, featuring 19 1-bedroom suites, 10 2-bedroom suites, and 1 3-bedroom, 2 bathroom penthouse suite.
  • Low reported CMHC vacancy rate of 0.6%, ensures stable cash-flow.
  • Building has recently been outfitted with new double-glazed windows.
  • Laminate flooring in all suites except for two.
  • Hallway carpets replaced over the last two years.
  • Two laundry rooms with one washer and one dryer in each (leased).
  • One brand new hot water tank installed in 2017.
  • Majority of suites have their own balcony, and parking and storage is available to every tenant.
  • Property Condition Report and full Vendor’s materials package available.
  • Situated on over 26,000 square feet of land in a sought after and established community, surrounded by new developments and endless amenities.

Location

  • Highgate Village Shopping Centre is located a 10 minute walk from the Property. Completed in 2004 this 140,000 square foot retail shopping centre acts as the shopping destination for the Highgate neighbourhood.
  • Central to amenities and recreation, the Property is within walking distance to the Byrne Creek Ravine Park, the Tommy Douglas Public Library, the Edmonds Community Centre, and Edmonds Park.
  • The Property is a 10 minute drive or a 20 minute public transit ride to Metropolis at Metrotown.
  • Edmonds Skytrain Station is a 15 minute walk from the Property. Downtown Vancouver is a further 25 minute ride from this Station.

 

Location

7110 Linden Avenue, Burnaby, BC

Attachments

Agent

James Blair

Vice President

+1 604 998 6055
+1 604 790 7089