Property Overview
-
Status
Sold -
Address
Casa Mia
7268 Balmoral Street
Burnaby, BC
Canada -
Neighbourhood
Edmonds Town Centre -
# of Units
56 -
# of Storeys
3 -
Year Built
1967 -
PID
006-667-902 -
Lot Size
39,509 SQFT -
Zoning
RM3 -
Price
Please Contact Listing Agents -
SOLD
Cushman & Wakefield ULC is proud to announce the successful sale of Casa Mia Apartments located at 7268 Balmoral Street in Burnaby BC. Casa Mia is a 56-suite rental apartment building, situated on an expansive rectangular 39,509 sf corner lot with 330 feet of frontage on Balmoral Street.
This 56 suite purpose-built rental building was originally constructed in 1967 and has been held by the same ownership family and professionally managed for over 40 years.
Investment Highlights
- CENTRAL, TRANSIT-ORIENTED BURNABY LOCATION
- PROFESSIONALLY MANAGED MULTIFAMILY INVESTMENT ASSET OF SCALE
- ATTRACTIVE SUITE MIX TOTALLING NEARLY 40,000 SF OF NET RENTABLE AREA
- CURRENT RENTS ARE APPROXIMATELY 40% BELOW MARKET POTENTIAL
- CONSISTENT BUILDING IMPROVEMENTS UNDERTAKEN BY CURRENT OWNERSHIP
- NEARLY AN ACRE CORNER LOT WITH 330’ OF STREET FRONTAGE WITH FUTURE REDEVELOPMENT POTENTIAL TO A HIGHER DENSITY
Gallery
