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Lougheed Village

9500 Erickson Drive, Burnaby

4-Tower Rental Complex
528 rental suites plus 21 commercial

$100,000,000

Overview

Lougheed Village is a unique Greater Vancouver property.  Built in 1973, the mixed-use development offers two 24-storey and two 8-storey residential buildings, a two-storey retail village, and a multilevel parkade.  Providing a home to 528 tenants, it’s at the heart of a thriving community in northeast Burnaby.

Location

The subject is located in northeast Burnaby within the Lougheed Town Centre area.  Specifically, the property is situated between Cameron Street and the Lougheed Highway, west of the Lougheed Town Centre, and between Erickson Drive and Bell Avenue.   The opening of the Millennium SkyTrain line delivered on its promise to revitalize the area. Local schools, community centres, golf courses, and the Lougheed Town Centre are bustling with energy. Residents now enjoy excellent proximity to the Lake City Business Park and SFU, as well as a quick and convenient commute to Vancouver.

Feature Brochure

For a detailed information package, please click here.

Summary

Price$100,000,000
Units525 plus 21 commercial
Storeys64 Total
Building Size539,709 sq. ft.
Price/Unit$183,150
Year Built1973
Lot Size7.5 acres
ZoningCD (Comprehensive Development)
PID008-610-762
Sale Date04/30/2013

Suite Mix

 No. UnitsAvg. Sq. Ft.
One BedroomNo. Units304Avg. Sq. Ft.755
Two BedroomNo. Units144Avg. Sq. Ft.1,139
Three BedroomNo. Units80Avg. Sq. Ft.1,299
CommercialNo. Units21 

Financials

 
FinancingClear title.
Taxes 2011
$360,477.11
Income and Expenses
Gross Income
Gross Income$7,400,000

The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by HQ Commercial.

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