Sage Manor

6665 Royal Oak Avenue, Burnaby

SOLD $5,475,000

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Price$5,500,000

Units19

Storeys2

Year built1963

Lot size16,433 sq. ft. (132.02' frontage)

ZoningRM-3

Price/unit$289,474

Cap rate2.3%

GIM27.8

PID003-146-065; 003-146-090; 003-146-111; 003-146-138

Legal descriptionLot 17-20 inclusive, BLK 1, DL152, Group 1, NWD Plan 1209

Sale price$5,475,000

Sale date11/01/2016

Overview

Built in 1963, Sage Manor is a 19-suite, wood-frame apartment building in excellent condition located in Burnaby’s Metrotown. Close to shopping, parks & transportation (Skytrain station only 2 blocks away). Features parking, balconies, hardwood floors, storage and many capital upgrades.

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	No. units
One Bedroom	No. units18
Two Bedroom	No. units1

Financials

Financing	Treat as clear title.
Assessment 2016	Land Building Total	Land$2,382,000 Building$1,699,000 Total$4,081,000
Taxes 2016	$27,766
Income and expenses	Gross income Vacancy Effective gross Operating expenses Net operating income	Gross income$199,973 Vacancy(2,600) Effective gross$197,373 Operating expenses(73,723) Net operating income$123,650

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