Lougheed Village

9500 Erickson Drive, Burnaby

$100,000,000

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Price$100,000,000

Units525 plus 21 commercial

Storeys64 Total

Building size539,709 sq. ft.

Year built1973

Lot size7.5 acres

ZoningCD (Comprehensive Development)

Price/unit$183,150

PID008-610-762

Legal descriptionLot 85, DL 4, LD 36, PL 38877

Sale date04/30/2013

Overview

Lougheed Village is a unique Greater Vancouver property. Built in 1973, the mixed-use development offers two 24-storey and two 8-storey residential buildings, a two-storey retail village, and a multilevel parkade. Providing a home to 528 tenants, it’s at the heart of a thriving community in northeast Burnaby.

Location

The subject is located in northeast Burnaby within the Lougheed Town Centre area. Specifically, the property is situated between Cameron Street and the Lougheed Highway, west of the Lougheed Town Centre, and between Erickson Drive and Bell Avenue. The opening of the Millennium SkyTrain line delivered on its promise to revitalize the area. Local schools, community centres, golf courses, and the Lougheed Town Centre are bustling with energy. Residents now enjoy excellent proximity to the Lake City Business Park and SFU, as well as a quick and convenient commute to Vancouver.

Feature Brochure

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	No. units	Average size
One Bedroom	No. units304	Average size755
Two Bedroom	No. units144	Average size1,139
Three Bedroom	No. units80	Average size1,299
Commercial	No. units21

Financials

Financing	Clear title.
Taxes 2011	$360,477.11
Income and expenses	Gross income	Gross income$7,400,000

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