6822 ARCOLA STREET

Burnaby, BC V5E1H3

Excellent investment opportunity! This well-maintained 2-storey apartment building features 10 fully rented units, generating a solid annual rental income of approximately $175,000, plus an additional $2,000 from laundry facilities. The property has seen numerous recent upgrades, including new roofs, energy-efficient windows, a new boiler and furnace, fresh exterior paint, and durable laminate flooring throughout'all contributing to lower maintenance costs and improved tenant satisfaction. Located in a highly desirable area with stable, long-term tenants, this property offers strong, consistent cash flow. Ideal as a holding property with tremendous upside, it sits within a potential 20-storey high-rise land assembly zone, making it perfect for future redevelopment. Don't miss out on this rare opportunity in a prime growth location! (id:31684)

Listing courtesy of: Naomi Wang of RE/MAX City Realty

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