Mixed-Use Investment Property
4680 Hastings Street, Burnaby
9 residential suites plus 4 commercial units
The subject property is a two-storey corner mixed-use investment property with retail at grade and residential rental units above in North Burnaby. There are four commercial units at 7,653 sq. ft. and nine residential suites at 8,199 sq. ft. for a combined total of 15,852 sq. ft. of gross area.
The property is located in the extension of the Hastings Street Community Plan of North Burnaby, which is an established commercial node with bustling retailers, residential and office tenants. Currently, the area has seen an increase in demand for commercial premises with new developments catering to the local market.
|No. Units||Avg. Sq. Ft.||Avg. Rent|
|Bachelor||No. Units1||Avg. Sq. Ft.567||Avg. Rent$720|
|1 Bedroom||No. Units6||Avg. Sq. Ft.688||Avg. Rent$868|
|2 Bedroom||No. Units1||Avg. Sq. Ft.1,150||Avg. Rent$858|
|Commercial||No. Units4||Avg. Sq. Ft.|
|Financing||Treat as clear title.|
|Income and Expenses|
Net Operating Income
Net Operating Income$163,753
|Notes||For brochure and financials, please click here.|
The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by HQ Commercial.