5977-5979 Wilson Avenue, Burnaby
Built in approximately 1965, Marco Court consists of two 31-suite walk up apartment buildings totalling 62 suites located in the Metrotown area of Burnaby. The property is improved on a large 53,844 sq. ft. lot with a large courtyard separating the two buildings. Features include balconies, storage lockers and many upgrades. The site, because of its prime Metrotown location and large 1.38 acre lot size, is considered to have excellent redevelopment potential for condo and/or rental buildings.
The subject property is located just 2 blocks west of the Metrotown Shopping Centre and just one block south of Kingsway in the Metrotown area of Burnaby. Convenient access to shopping, Skytrain, bus service and amenities.
– Hardwood floors
– 30 balconies
– 44 open parking stalls
– 60 storage lockers
– 2 washers/2 dryers in each building
– Teledyne Laars water boiler (1997)
– Hot and cold copper piping was replaced (2003)
– Hot water tanks (2007)
– Torched on roof (2002)
– Kitchens have new fridges, stoves and approx 75% of cabinets refurbished
-Two unauthorized one bedroom suites
|One Bedroom||No. Units36|
|Two Bedroom||No. Units22|
|Three Bedroom||No. Units4|
|Financing||Treat as clear|
|Income and Expenses|
Net Operating Income
The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by HQ Commercial.