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  • POTENTIAL HIGH-RISE DEVELOPMENT SITE WITH CONSIDERABLE RENTAL INCOME IN THE CENTER OF BURNABY: Commercial for sale

    POTENTIAL HIGH-RISE DEVELOPMENT SITE WITH CONSIDERABLE RENTAL INCOME IN THE CENTER OF BURNABY
    Main Photo: POTENTIAL HIGH-RISE DEVELOPMENT SITE WITH CONSIDERABLE RENTAL INCOME IN THE CENTER OF BURNABY: Commercial for sale
    • Photo 1: POTENTIAL HIGH-RISE DEVELOPMENT SITE WITH CONSIDERABLE RENTAL INCOME IN THE CENTER OF BURNABY: Commercial for sale
    $4,988,000
    Commercial
    Status:
    Active
    MLS® Num:
    The asking price is only 4, 988, 000$! The next door neighbor is selling 6. 5 million! What is the best value for money, the best commercial property with the most investment value? Look down: Breaking through the iron shoes, the most worthwhile investment in commercial properties is here! No need to look hard! This is the best investment opportunity you want! ! ! ! ! Smart investors must understand this truth! There are many properties with high rental returns, but most of them are in remote areas, on land. The income generated is more important for future development potential and huge value-added space! The potential for development is too small; the value-added space is too small, and more importantly, we don’t know how long it will take to be developed! This property is located in the center of Burnaby, the most central part of the city, and development opportunity is in no time! The net rental yield of this property is 2. 7%. What is more valuable is that all expenses, including maintenance, are borne by the tenant! The more critical real investment value is that future government plans can be converted into high-rise buildings. The property is located in the prime location of Burnaby, with a land area of ​​7, 950 sqft. Facing the community center and main roads, it may be leased to day care owners and has long contract. The annual rent is about 165, 000$, and the net rental return rate is 2. 7%. At present, the government OCP regulations permit to build high-rise commercial residential mixed buildings with OCP of 4. 9. The average floor price per foot is about 115$. At present, the price of the builder's acquisition is 160-180$ per foot. Hold live for 2-3 years and you can have a profit of about 2 million. So smart investors, what are you waiting for? Hurry to call Naomi Personal Real Estate Business Department: 7788331688 for more information! Just look at which of you is the quickest, but don't say I didn't tell you about this good opportunity! The heart is not as good as action! The biggest magic weapon for successful people is execution! More details
    Listed by SUTTON GROUP-WEST COAST REALTY
  • LANGLEY CONDO SITE: Commercial for sale

    LANGLEY CONDO SITE
    Main Photo: LANGLEY CONDO SITE: Commercial for sale
    • Photo 1: LANGLEY CONDO SITE: Commercial for sale
    • Photo 2: LANGLEY CONDO SITE: Commercial for sale
    $4,800,000
    Commercial
    Status:
    Active
    MLS® Num:
    Site area is 28, 400. 00 sqft, a total of 52 units, construction type is wood frame. You can build 5 storey apartment, there are 80 parking spots, parking ratio is 1. 54; base floor space ratio is 2. 5 FSR. Buildable-residential area is 52, 421. 00 sqft, 85% efficiency. Sellable-residential which is net buildable area is 44, 550. 00 sqft. Current sellable price per sqft is $575. 00 and estimate time to complete is 1. 5 years. The estimated revenue is $25, 616, 250 (44, 550 sqft@$575), with total development costs $18, 280, 599; the estimated profit would be $7, 335, 651! The site has been rezoned and the DP building permit could be obtained in only several months! For more information, please call 778-833-1688! More details
    Listed by SUTTON GROUP-WEST COAST REALTY
  • BURNABY GOLDEN LOCATION ENTIRE MULTI-STOREY APARTMENT in Original price is $6,380,000$. The current price is $4,380,000: Commercial for sale

    BURNABY GOLDEN LOCATION ENTIRE MULTI-STOREY APARTMENT Original price is $6,380,000$. The current price is $4,380,000
    Main Photo: BURNABY GOLDEN LOCATION ENTIRE MULTI-STOREY APARTMENT in Original price is $6,380,000$. The current price is $4,380,000: Commercial for sale
    • Photo 1: BURNABY GOLDEN LOCATION ENTIRE MULTI-STOREY APARTMENT in Original price is $6,380,000$. The current price is $4,380,000: Commercial for sale
    • Photo 2: BURNABY GOLDEN LOCATION ENTIRE MULTI-STOREY APARTMENT in Original price is $6,380,000$. The current price is $4,380,000: Commercial for sale
    $4,380,000
    Commercial
    Status:
    Active
    MLS® Num:
    You can only buy an ordinary house in Vancouver West! It's better to invest in a multi-storey apartment a few minutes from Metrotown! It can also be rented, and you could build new multi-storey apartments with a higher floor area ratio! The best investment! The best location! Should not be missed! Decisive decision! Investors look over! Burnaby Highgate District, close to Kingsway but in a quiet street! Rare land resources! Can build multi-storey apartments! Have cash flow! Both holding and rebuilding are suitable! 6XXX Arcola Street in South Burnaby. Zoning:RM-3(Multi-family residential) rm3 zoning (high density development zoning) lot size: 9, 000 sqft 2 storey, 10 units apartment building. Total annual rental income from building around $130, 000 plus laundry income of $2, 000. Fully renovated building. New roofs, new boiler and furnace and painting and laminate flooring. Very good location with good tenants. Very Strong consistent cash flow location, good holding property with potential for mid-rise and high-rise development. More details
    Listed by SUTTON GROUP-WEST COAST REALTY
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Data was last updated May 9, 2021 at 01:10 PM (UTC)
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.