Price: 12,800,000
No. of Units: 48
Price/Unit: $266,667
Lot Size: 31,768 SFL
Property Type: Multi-family
Zoning: RM3
2016 B.C. Assessment Value: $10,030,000
Date of Sale: 12/09/2016
City: Burnaby
Province: B.C.
Name of Brokerage: HQ Commercial
A three-storey, wood-frame apartment building in Burnaby’s Highgate neighbourhood has sold for $12.8 million.
Ralf’s Gardens is a 48-unit complex situated on a 31,768-square-foot lot. The building was built in 1968 and includes 48 underground parking stalls. The property has a net operating income of $280,953 and an assessed value of $10.3 million. The building has undergone renovations to the floors and countertops in most of the units’ bathrooms.
Ralf’s Gardens is located at 7040 Arcola St., Burnaby, near Highgate Shopping Centre.
Do you have a Done Deal you'd like to promote? Submit here for a free posting!
