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Sage Manor

6665 Royal Oak Avenue, Burnaby

Apartment Building
19 suites

SOLD $5,475,000

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.

Summary

Price$5,500,000
Units19
Storeys2
Price/Unit$289,474
Cap Rate2.3%
GIM27.8
Year Built1963
Lot Size16,433 sq. ft. (132.02' frontage)
ZoningRM-3
PID003-146-065; 003-146-090; 003-146-111; 003-146-138
Sale Price$5,475,000
Sale Date11/01/2016

Suite Mix

 No. Units
One BedroomNo. Units18
Two BedroomNo. Units1

Financials

FinancingTreat 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 HQ Commercial.

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