Price: $5,475,000
No. of Units: 19
Price/Unit: $289,474
Lot Size: 16,433 SFL
Property Type: Multi-family
Zoning: RM-3
2015 B.C. Assessment Value: $4,081,000
Date of Sale: 11/01/16
City: Burnaby
Province: B.C.
Name of Brokerage: HQ Commercial
A 19-unit rental apartment in Burnaby sold for $5,475,000 this month, The Goodman Report tells Western Investor.
Sage Manor is located near Metropolis at Metrotown, just two blocks away from Royal Oak SkyTrain station. The building has 18 one-bedroom suites and one two-bedroom suite. Its net operating income is $123,650 per year. The two-storey building was built in 1963 and sold for $25,000 below asking price.
Sage Manor is located at 6665 Royal Oak Ave., Burnaby.
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