Bethany Estate

Overview

Bethany Estate is a 41-suite three-storey well-maintained apartment building located in the heart of the established Burnaby Heights neighbourhood, just one block south of Hastings Street and three blocks east of Boundary Road. The building has undergone a comprehensive renovation over the past 12 months and presents significant upside for a new owner. Held in a bare trust – share purchase available.

Built in 1970 and improved on a large 26,474 SF (217’ × 122’) RM3 zoned lot, the building’s suite mix comprises 7 bachelors, 31 one-bedrooms and 3 two-bedrooms. Other features include lane access at the rear, 40 secured underground parking stalls, and 32 residential storage lockers plus 9 others that have been converted into one large storage room.

Highlights

A major renovation has been completed over the past 12 months including:

• Balconies redone, including all new railings
• 2 new energy efficient boilers
• All fuse boxes converted to breakers
• Exterior repainted, new fences & entry doors
• New lobby flooring
• Parkade lighting replaced
• Landscaping upgrades
• Renovations to many suites (ongoing)

Additional upgrades over the years include:

• 3 new sets of owned washer/dryers (2015)
• New roof (2014)
• Elevator upgrades (2014)
• Multiple decks completely rebuilt (2013)
• Complete re-piping of building (20-21 years ago)

Location

Bethany Estate is in the heart of the Burnaby Heights, one of the regions most well-established communities. Just three blocks east of Boundary Road and one block south of Hastings Street, this convenient location is within steps to a vibrant mix of many long-standing independent businesses and retailers.

In more recent years, this area has undergone somewhat of a revitalization with the development of new mixed-use buildings, bringing in new businesses and residents to this highly desirable node. Its central location provides quick and convenient access to neighbouring cities such as Vancouver, Coquitlam and Port Moody. Additionally, the neighbourhood is within close proximity to SFU’s Burnaby Mountain campus. Its scenic landscape can be enjoyed from several community parks and affords residents attractive city and mountain views.