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6822 ARCOLA STREET
Burnaby British Columbia V5E1H3 Canada

$3,628,000

Active Listing ID C8069198
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9,000 square feet
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Multi-family

$3,628,000

Active Listing ID C8069198
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6822 ARCOLA STREET Fantastic investment and future development opportunity! This well-maintained 2-storey, 10-unit apartment building offers strong, reliable income with approximately $175, 000 in annual rental revenue plus an additional $2, 000 from laundry. Fully tenanted with long-term, stable renters. Numerous recent upgrades include new roofs, windows, boiler, furnace, exterior paint, and durable laminate flooring throughout'all contributing to lower maintenance costs and tenant satisfaction. Located in a high-demand, transit-friendly area close to shopping, schools, and amenities. This is a prime holding property with excellent cash flow and long-term value. Even more attractive is its location within a potential land assembly zone, with future redevelopment potential for up to 20-storey high-rise. Whether you're looking for steady income now or strategic upside in the future, this is a rare and solid opportunity for investors and developers alike.Secure this high-performing asset in a growing neighborhood! (id:203)

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Property Features

  • Facts
  • Property Sub-type: Multi-family
  • Additional Features
  • Basement
Listing Changed: 9/11/2025 10:16:13 PM GMT
Source Updated Date: 12/6/2025 8:06:35 AM GMT

Courtesy of: Naomi Wang, Personal Real Estate Corp, RE/MAX City Realty