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Sold

Mixed-use 3-storey building

4651 Hastings Street, Burnaby

SOLD $4,500,000

Price $4,850,000
Property type Mixed-use building
Units 11 (3 comm. + 8 res.)
Storeys 3
Net rentable area 4,880 SF (residential) + 3,637 SF (commercial) = 8,517 SF
Year built 1965
Lot size 66’ × 104’ (6,864 SF)
Zoning C-4A Service Commercial
Cap rate 3.6%
Gross income multiplier 19.2
Parking 8 stalls
Development potential Up to 2.4 FSR (Hastings Street Area Extension Plan)
PID 012-108-707, 012-108-669
Legal description Lots 23 & 24 Block 7 District Lot 122 Group 1 New Westminster District Plan 1308
Sale price $4,500,000
Sale date 03/29/2021

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