Overview
The Wynyard is a low-rise wood frame 45-suite apartment building located in Burnaby’s Metrotown neighbourhood. Built in 1967, the building features balconies, surface/secure parking, storage lockers and elevator.
Location
The subject property is located on the east side of Willingdon Avenue, one half block north of Imperial Street in Burnaby’s popular Metrotown’s neighbourhood. Only a few blocks to the Metrotown Mall and Skytrain Station, this location offer tenants easy access to a myriad of shops, restaurants, financial services, amenities, entertainment venues and transportation all within walking distance.
Features
- 3-level wood frame apartment building
- Storage room contains 45 lockers (include some private storage areas)
- Bike room
- Laundry room contains 3 washers/3 dryers
- Original Multi-Temp furnace
- Mail delivered to each suite
- Parking: 45 stalls (12 surface uncovered; 11 surface covered; 22 secure underground)
- Large recreation room (approx. 40′ x 18′) currently used as owner’s storage
- Elevator service to all floors
- Rent includes Cablevision
- Nicely tiled and mirrored entrance
- Four security cameras
- Fire panel in hallway
- Newer intercom
- Appliances: 75% less than 10 years old
- Hot water tanks (2) less than 5 years old
- Majority of balconies replaced with sub floors, extension beams & bannisters
Suite mix
No. units | Average rent | |
---|---|---|
Bachelor | No. units3 | Average rent$800 |
One Bedroom | No. units33 | Average rent$920 |
Two Bedroom | No. units9 | Average rent$1,040 |
Financials
Financing | Treat as clear title. | |
---|---|---|
Assessment 2012 | Land Building Total | Land$3,997,000 Building$2,529,000 Total$6,526,000 |
Taxes 2012 | $51,266.96 | |
Income and expenses | Gross income Operating expenses Net operating income | Gross income$473,400 Operating expenses(216,519) Net operating income$256,881 |
Notes | For a current rent roll and expense statement, click here. |
The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by Goodman Commercial.
Contact
Mark Goodman
Personal Real Estate Corporation
mark@goodmanreport.com
(604) 714 4790
Goodman Commercial Inc.
560–2608 Granville St
Vancouver, BC V6H 3V3
Mortgage calculator
Contact
Mark Goodman
Personal Real Estate Corporation
mark@goodmanreport.com
(604) 714 4790
Goodman Commercial Inc.
560–2608 Granville St
Vancouver, BC V6H 3V3