Multifamily
6700 Dow Avenue
6700 Dow Avenue, Burnaby, BC V5H 3C9
Listing Price: $3,500,000
Cap Rate
2.81%
Number of Units
10
GRM
21.90
Price/Unit
$350,000
Price/Gross SF
$384.32
Gross SF
9,107
Investment Overview
A well maintained, 10 unit apartment building on a 9,107 square foot lot with future redevelopment potential.
6700 Dow Avenue
Investment Highlights
- Rarely available apartment building located in the core of the Metrotown Community Plan and within minutes to Metrotown Shopping Centre and Metrotown Skytrain Station
- Site size of 9,107 square feet and a designation of RM4s permits highrise density if assembled with neighbouring properties
- All units are rented at well below market rental rates and there is potential to add an 11th unit in the basement to improve cash-flow
- Professional building management has continued to maintain the building to a high standard throughout. Features include well-cared for units, breaker panels, 10 full-size storage lockers, 8 parking spots, and replaced windows and patio doors.
Exclusively Listed By
Listing Price: $3,500,000
Cap Rate
2.81%
Number of Units
10
GRM
21.90
Price/Unit
$350,000
Price/Gross SF
$384.32
Gross SF
9,107
Investment Highlights
- Rarely available apartment building located in the core of the Metrotown Community Plan and within minutes to Metrotown Shopping Centre and Metrotown Skytrain Station
- Site size of 9,107 square feet and a designation of RM4s permits highrise density if assembled with neighbouring properties
- All units are rented at well below market rental rates and there is potential to add an 11th unit in the basement to improve cash-flow
- Professional building management has continued to maintain the building to a high standard throughout. Features include well-cared for units, breaker panels, 10 full-size storage lockers, 8 parking spots, and replaced windows and patio doors.
Investment Overview
A well maintained, 10 unit apartment building on a 9,107 square foot lot with future redevelopment potential.
Exclusively Listed By
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