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Multifamily

5468 Hastings Street

5468 Hastings St, Burnaby, BC V5B 1R1

Listing Price: $6,100,000

Cap Rate
2.21%
Number of Units
17
Price/Unit
$358,824
Price/Gross SF
$457.07
Gross SF
13,346

Investment Overview

5468 Hastings Street presents investors with the opportunity to purchase a well-positioned, cash-flowing asset in Burnaby’s Capitol Hill area with potential to add value by increasing rents on turnover. The Subject Property is steps away to multiple transit options on Hastings Street and a short walk to shopping and amenities including Kensington Square Shopping Centre, home to Safeway, Shoppers Drug Mart, Starbucks, and BC Liquor Store.

Investment Highlights

  • The building features spacious units that have undergone various upgrades and renovations
  • There is ample covered and surface parking on the south side of the building and storage lockers available for all tenants.
  • Significant capital expenditures and upgrades to the building include balconies and railings, upgraded plumbing and electrical, domestic hot water tank, dual-boiler heating system, and sprinklers

Exclusively Listed By

Multifamily

5468 Hastings Street

Listing Price: $6,100,000

Cap Rate
2.21%
Number of Units
17
Price/Unit
$358,824
Price/Gross SF
$457.07
Gross SF
13,346

Investment Highlights

  • The building features spacious units that have undergone various upgrades and renovations
  • There is ample covered and surface parking on the south side of the building and storage lockers available for all tenants.
  • Significant capital expenditures and upgrades to the building include balconies and railings, upgraded plumbing and electrical, domestic hot water tank, dual-boiler heating system, and sprinklers

Investment Overview

5468 Hastings Street presents investors with the opportunity to purchase a well-positioned, cash-flowing asset in Burnaby’s Capitol Hill area with potential to add value by increasing rents on turnover. The Subject Property is steps away to multiple transit options on Hastings Street and a short walk to shopping and amenities including Kensington Square Shopping Centre, home to Safeway, Shoppers Drug Mart, Starbucks, and BC Liquor Store.

Exclusively Listed By

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