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Holdom Place 281 Holdom Ave 90 Unit Apartment Building $27,000,000 CAD ($300,000 CAD/Unit) Burnaby, BC V5B 3T9
INVESTMENT HIGHLIGHTS
- Scaled Investment Opportunity
- Strategic Location
- Considerable Income Growth Potential
- Never Been Sold
- Proximity to Simon Fraser University
- History of Building Upgrades & Thoughtfully Designed Unit Plans
EXECUTIVE SUMMARY
Cushman and Wakefield ULC is pleased to present to the investment market on an exclusive basis on behalf of the Vendor, a 100% freehold interest in 281 Holdom Avenue, Burnaby, BC (the “Property). Otherwise known as Holdom Place, the 90-suite rental building is underpinned by a sprawling 1.7-acre lot. The Property’s suite mix comprises a healthy mix of 41 one-bedroom, 44 two-bedroom, and 5 three-bedroom units. Holdom Place features larger than typical suite sizes boasting an average of 763 square feet for a total net rentable area of 68,645 square feet.
The four-storey, wood-framed building was constructed in 1973 by the property’s current ownership group and has since been asset and property managed by the same.
The four-storey, wood-framed building was constructed in 1973 by the property’s current ownership group and has since been asset and property managed by the same.
PROPERTY FACTS
| Price | $27,000,000 CAD | Building Class | C |
| Price Per Unit | $300,000 CAD | Lot Size | 1.70 AC |
| Sale Type | Investment | Building Size | 120,000 SF |
| No. Units | 90 | Average Occupancy | 99% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1973 |
| Apartment Style | Mid-Rise | Parking Ratio | 0.99/1,000 SF |
| Zoning | RM-3 - Residential/Multifamily | ||
| Price | $27,000,000 CAD |
| Price Per Unit | $300,000 CAD |
| Sale Type | Investment |
| No. Units | 90 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 1.70 AC |
| Building Size | 120,000 SF |
| Average Occupancy | 99% |
| No. Stories | 4 |
| Year Built | 1973 |
| Parking Ratio | 0.99/1,000 SF |
| Zoning | RM-3 - Residential/Multifamily |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
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Walk Score®
Very Walkable (72)
CONTACTS
-
David Venance -
Sean Ungemach -
Patrick Hannah -
Chris Harper -
Alex Priatel -
Cushman & Wakefield
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
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Holdom Place | 281 Holdom Ave
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