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The Wynyard

6688 Willingdon, Burnaby

$7,850,000

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Price$7,850,000

Units45

Storeys3

Year built1967

Lot size208' x 167' (34,761 sq. ft.)

ZoningRM3

Price/unit$174,445

Cap rate3.3%

GIM16.6

PID002-291-738

Legal descriptionLot 82 District Lot 151 Group 1 New Westminster District Plan 30659

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

Show less

	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.