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Chalet Pender 3848 Pender St 36 Unit Apartment Building $10,700,000 CAD ($297,222 CAD/Unit) 3.49% Cap Rate Burnaby, BC V5C 2L5
Executive Summary
The McEvay Blair Multifamily Group of Marcus & Millichap is pleased to present for sale Chalet Pender, a 36-unit multifamily rental asset located at 3848 Pender Street, Burnaby, BC (the “Property”). Situated on a large 24,382 sf lot Chalet Pender presents investors with the opportunity to acquire a professionally managed building maintained to a high standard in the established Burnaby Heights neighbourhood. The extensive capital upgrades and proven renovation program allow future ownership to unlock
the property’s full rental potential upon tenant turnover with minimal capital outlay.
the property’s full rental potential upon tenant turnover with minimal capital outlay.
Property Facts
| Price | $10,700,000 CAD | Property Subtype | Apartment |
| Price Per Unit | $297,222 CAD | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 3.49% | Lot Size | 0.56 AC |
| Gross Rent Multiplier | 17.89 | Building Size | 23,587 SF |
| No. Units | 36 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1968 |
| Zoning | RM3 | ||
| Price | $10,700,000 CAD |
| Price Per Unit | $297,222 CAD |
| Sale Type | Investment |
| Cap Rate | 3.49% |
| Gross Rent Multiplier | 17.89 |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.56 AC |
| Building Size | 23,587 SF |
| No. Stories | 4 |
| Year Built | 1968 |
| Zoning | RM3 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 36 | - | - |
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
60/100
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Chalet Pender | 3848 Pender St
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