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6822 ARCOLA STREET, Burnaby, British Columbia, V5E 1H3

MLS® # C8069198
Investment For Sale In Kingsway-Beresford, Burnaby, British Columbia
$3,628,000
6822 Arcola Street, Burnaby, BC - Outdoor
6822 Arcola Street, Burnaby, BC - Outdoor With Exterior
6822 Arcola Street, Burnaby, BC - Indoor
6822 Arcola Street, Burnaby, BC - Outdoor
6822 Arcola Street, Burnaby, BC - Outdoor With Exterior
6822 Arcola Street, Burnaby, BC - Indoor
Home Insurance - TD Insurance
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6822 ARCOLA STREET, Burnaby, British Columbia, V5E 1H3
$3,628,000

Property Information:

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:27)

Building Features:

  • Floor Space: 9000 sqft

Property Features:

  • Property Type: Multi-family
  • Built in: 1958
  • Floor Space (approx): 9000 Square Feet
  • Lot Size: 9000.00 Square Feet
  • Zoning: RM3

Courtesy of: RE/MAX City Realty, RE/MAX Crest Realty

REALTOR.ca  

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Market Price Trends

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 6822 ARCOLA STREET, Burnaby, British Columbia, V5E 1H3

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate-Low

29 hot days expected in 2050

Projected Precipitation Risk: High

14 storms expected in 2050

Projected Heat Risk: Moderate-Low

29 hot days expected in 2050

37/100

Moderate-Low

ClimateCheck®

Current data

This property, 6822 ARCOLA STREET , experiences 7 hot days per year at around 28 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 29 hot days at 31.3 degrees Celsius.

Projected Avg. Temperature

Past
28℃
2050
31.3℃

# Hot Days Per Year

Past
7
2050
29

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: High

14 storms expected in 2050

97/100

High

ClimateCheck®

Current data

This property, 6822 ARCOLA STREET , experiences 12 significant 2-day storms per year, with about 626.1mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 724.2mm of precipitation per year.

Precipitation Per Storm

Past
626.1mm
2050
724.2mm

48-Hour Storms Per Year

Past
12
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 6822 ARCOLA STREET, Burnaby, British Columbia, V5E 1H3

Life Stage

Young Singles

Employment Type

Service Sector

Average Household Income

$102,522.38

Average Number of Children

1.72

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

15.84 %

High school certificate or equivalent

32.49 %

Apprenticeship trade certificate/diploma

7.14 %

College/non-university certificate

16.44 %

University certificate (below bachelor)

0.56 %

University Degree

27.54 %

Commuter

Travel To Work

By Car

71.45 %

By Public Transit

23.66 %

By Walking

2.6 %

By Bicycle

0.0 %

By Other Methods

2.29 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

51.05 %

Houses

48.95 %

Own Vs. Rent

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