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6822 Arcola Street
Highgate Burnaby V5E 1H3

$3,980,000
Multi-Family Commercial

View of side of property with a yard and stucco siding
Photo 1: 6822 Arcola Street in Burnaby: Highgate Multi-Family Commercial for sale (Burnaby South)  : MLS®# C8069198
Photo 2: 6822 Arcola Street in Burnaby: Highgate Multi-Family Commercial for sale (Burnaby South)  : MLS®# C8069198
Photo 3: 6822 Arcola Street in Burnaby: Highgate Multi-Family Commercial for sale (Burnaby South)  : MLS®# C8069198
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8069198
Build. Type:
See Remarks
Fantastic investment and future development opportunity! This well-maintained 2-storey, 10-unit apartment building offers strong, reliable income with approximately $175,000 in annual rental revenue plus an additional $2,000 from laundry. Fully tenanted with long-term, stable renters. Numerous recent upgrades include new roofs, windows, boiler, furnace, exterior paint, and durable laminate flooring throughout—all contributing to lower maintenance costs and tenant satisfaction. Located in a high-demand, transit-friendly area close to shopping, schools, and amenities. This is a prime holding property with excellent cash flow and long-term value. Even more attractive is its location within a potential land assembly zone, with future redevelopment potential for up to 20-storey high-rise. Whether you’re looking for steady income now or strategic upside in the future, this is a rare and solid opportunity for investors and developers alike.Secure this high-performing asset in a growing neighborhood!
Sale Type:
Asset
Ownership:
Freehold
Property Type:
Multi-Family Commercial
Commercial Type:
Multi Family
Construction:
Frame Wood
Num Storeys:
2
Building Type:
See Remarks
# Units Total:
10
# Other Units:
0
# of Apartments:
0
# of Studio Apartments:
0
# of Penthouse Apartments:
0
# of Bachelor Apartments:
0
# of 4+ Bedroom Apartments:
0
# of 1 Bedroom Apartments:
0
# of 2 Bedroom Apartments:
0
# of 3 Bedroom Apartments:
0
Year built:
1958 (Age: 67)
Living Area:
9,000 sq. ft.
Subject Property Depth:
120'
Subject Property Width:
75'
Lot Area:
9,147.6 sq. ft.
Zoning:
Potential to Redevelop:
Contact LR, No
Fencing:
# Of Parking Spaces - Total:
Road Frontage:
Heating:
Electricity:
No
Parcel Number:
010404082
Taxes:
$10,454.74 / 2024
No
Water Rights:
No
Roof:
Potential to Redevelop:
Contact LR, No
Env Assmt Phase:
No
Cap Rate %:
Gross Income:
Oper. Expenses:
Other Income:
Effective Gross Income:
Net Operating Income:
Previous Price:
Original Price:
  • Photo 1: 6822 Arcola Street in Burnaby: Highgate Multi-Family Commercial for sale (Burnaby South)  : MLS®# C8069198
    View of side of property with a yard and stucco siding
  • Photo 2: 6822 Arcola Street in Burnaby: Highgate Multi-Family Commercial for sale (Burnaby South)  : MLS®# C8069198
    Rear view of property with a balcony, a pergola, and stucco siding
  • Photo 3: 6822 Arcola Street in Burnaby: Highgate Multi-Family Commercial for sale (Burnaby South)  : MLS®# C8069198
    Dining room with dark wood finished floors
Listed by RE/MAX City Realty and RE/MAX Crest Realty
Data was last updated May 29, 2025 at 08:35 AM (UTC)
Jean Seguin