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5087 Irving St 32 Unit Apartment Building $12,800,000 CAD ($400,000 CAD/Unit) 3.91% Cap Rate Burnaby, BC V5H 1T6
INVESTMENT HIGHLIGHTS
- Prime Metrotown location steps from two SkyTrain stations
- Immaculately maintained building with extensive recent upgrades
- High rental demand supported by nearby universities and transit access
- Strong redevelopment potential under proposed OCP (up to 40 storeys)
- Surrounded by major retail, recreation, and employment hubs
EXECUTIVE SUMMARY
We are pleased to offer the opportunity to purchase a three-storey, 32-unit rental apartment building with future redevelopment potential. The offering is located in Burnaby’s Metrotown neighbourhood, nearby Metropolis Shopping Centre and within walking distance of Metrotown and Royal Oak SkyTrain Stations.
PROPERTY FACTS
| Price | $12,800,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $400,000 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.47 AC |
| Cap Rate | 3.91% | Building Size | 20,000 SF |
| No. Units | 32 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1969 |
| Property Subtype | Apartment | ||
| Zoning | RM3 - Multiple Family | ||
| Price | $12,800,000 CAD |
| Price Per Unit | $400,000 CAD |
| Sale Type | Investment |
| Cap Rate | 3.91% |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.47 AC |
| Building Size | 20,000 SF |
| No. Stories | 3 |
| Year Built | 1969 |
| Zoning | RM3 - Multiple Family |
AMENITIES
SITE AMENITIES
- Laundry Facilities
- Storage Space
- Elevator
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 16 | - | - |
| 2+1 | 7 | - | - |
| Studios | 9 | - | - |
1 1
Walk Score®
Walker's Paradise (96)
Transit Score®
Excellent Transit (79)
Bike Score®
Very Bikeable (73)
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5087 Irving St
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