Sold

6580 Dunblane Street

Burnaby

Apartment Building
9 Suites

SOLD $685,000

Overview

A beautifully maintained and updated nine-suite building located in a quiet area just minutes to Metrotown shopping and Skytrain.  Ideal for owner/occupier or first time investor.

Location

This apartment complex is located on Dunblane Ave. corner of Grimmer Street in Burnaby’s Metrotown area, near the Metrotown Skytrain Station, prime Metrotown shopping area and Lobley Park.

Improvements

– Three-storey frame apartment with stucco/cedar trim
– Constructed in 1956
– Parking for nine cars
– Complete laundry and storage facilities
– Gas fired hot water heating system
– Floors are hardwood

Recent Upgrades

– New hall carpets
– Hardwood floors – some carpeted
– Double glazed windows in most suites
– Some newer appliances (as needed)
– Hotwater tank in 2001 (75 gallon)
– PowerSmart – halls
– New roof (partial 1997)
– Majority of piping renewed
– Washer/dryer (set)
– Parking lot paved (1995)
– New arborite splashes many suites

Summary

Price$735,000
Units9
Lot Size7,322 sq. ft.
ZoningRM-3
PID002-525-755
Sale Price$685,000
Sale Date11/28/2002

Suite Mix

 No. Units
1 BedroomNo. Units6
1 Bedroom + DenNo. Units1
2 BedroomNo. Units1
2 Bedroom PenthouseNo. Units1

Financials

FinancingNone.
Assessment 2002
Land
Building
Total
Land$329,000
Building$248,000
Total$577,000
Taxes 2002
$6,832.96
Income and Expenses
Gross Income
Operating Expenses
Net Operating Income
Gross Income$79,953
Operating Expenses(30,600)
Net Operating Income$49,353

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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