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Multi-family for sale

6822 Arcola Street, Highgate, Burnaby

$3,980,000

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$3,980,000

Multi-family for sale

6822 Arcola Street, Highgate, Burnaby

Features

Lifestyle

Year Built

1958

Floor Area

9,000 sqft

Lot Size

9,000 sqft

Gross Property Tax

$10,454.74 /year

Building Type

See Realtor Remarks

Zoning

RM3

Subject Property Width

75 ft

Subject Property Depth

120 ft

Total no. of Units

Description

Well maintained 2 storey, 10 units apartment building. Total annual rental income from building around $175,000 plus laundry income of $2,000. New roofs, new windows, 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 high rise 20 storey land assembly development.

MLS^® Number C8069198

Listing REALTORS^®

Naomi Wang

REALTOR^®, Personal Real Estate Corporation

RE/MAX City Realty

Lynn Choy

REALTOR^®, Personal Real Estate Corporation

RE/MAX Crest Realty

Location

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Mortgage amount 3,980,000 $

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1% of $200,000 $

2% of remaining value up to and including $2,000,000 $

3% of remaining portion over $2,000,000 $

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The amounts shown above are for information purposes only and do not include taxes, if applicable.
You must purchase mortgage default insurance if your down payment is less than 20 per cent of the purchase price of the property.
This calculator doesn't calculate the further 2% tax on residential property greater than $3,000,000 or the additional property transfer tax on residential property transfers to foreign entities or taxable trustees. Learn more about property transfer tax.
There are additional costs to buying a home. Speak with your REALTOR® for more information.

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Naomi Wang

RE/MAX City Realty

Lynn Choy

RE/MAX Crest Realty

RE/MAX City Realty

RE/MAX Crest Realty

Multi-family for sale

6822 Arcola Street, Highgate, Burnaby

Multi-family for sale

6822 Arcola Street, Highgate, Burnaby

Features

Description

Listing REALTORS®

Naomi Wang

RE/MAX City Realty

Lynn Choy

RE/MAX Crest Realty

Location

Calculate mortgage payments

Estimated property transfer tax

Calculate borrowing capacity

Listing REALTORS^®