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Mixed-use rental building

7312 Magnolia Terrace, Burnaby

SOLD $6,000,000

Price $6,100,000
Property type Mixed-use rental building
Units 14 residential +
1 commercial
Storeys 3
Net rentable area 10,574 SF residential;
2,066 SF commercial
Year built 2000
Lot size 15,038 SF
Zoning CD
Cap rate 3.4%
Gross income multiplier 19.65
Parking 4 surface and 18 secured underground parking stalls
PID 024-073-288
Legal description Lot 6 District Lot 96 Group 1 New Westminster District Plan LMP 37089
Sale price $6,000,000
Sale date 12/08/2021

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