6822 Arcola Street, Burnaby

Living area: 9000 square feet
Added: 3 months ago
Updated: 1 month ago
Last Checked: 1 day ago
Listed by: RE/MAX City Realty
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Listing description
This Other at 6822 Arcola Street Burnaby, BC with the MLS Number c8069198 listed by Naomi Wang - RE/MAX City Realty on the Burnaby market 3 months ago at $3,628,000.

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! (id:1945)

Exterior & Lot Features Learn about the exterior and lot specifics of 6822 Arcola Street

Lot Size Units: square feet
Lot Size Dimensions: 9000

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Nearby Listings Stat Estimated price and comparable properties near 6822 Arcola Street

Active listings

606

Min Price

$79,000

Max Price

$14,500,000

Avg Price

$1,302,468

Days on Market

68 days

Sold listings

153

Min Sold Price

$150,000

Max Sold Price

$5,000,000

Avg Sold Price

$1,257,474

Days until Sold

75 days

Nearby Places Nearby schools and amenities around 6822 Arcola Street

Byrne Creek Secondary (1.5 km)
10 Ave, Burnaby

New Westminster Secondary School (2.5 km)
835 8th St, New Westminster

Burnaby Central Secondary School (2.8 km)
6011 Deer Lake Pkwy, Burnaby

Tim Hortons (0.3 km)
6641 Kingsway, Burnaby

The One Restaurant (1.1 km)
5908 Kingsway, Burnaby

Deer Lake Park (2.1 km)
6450 Deer Lake Ave, Burnaby

Burnaby Village Museum (2.2 km)
6501 Deer Lake Ave, Burnaby

Metropolis at Metrotown (2.8 km)
4700 Kingsway, Burnaby

Price History

Listed

May 14, 2025

by RE/MAX City Realty

For Sale

$3,628,000

6822 Arcola Street, Burnaby

Listing description This Other at 6822 Arcola Street Burnaby, BC with the MLS Number c8069198 listed by Naomi Wang - RE/MAX City Realty on the Burnaby market 3 months ago at $3,628,000.

Nearby Listings Stat Estimated price and comparable properties near 6822 Arcola Street

Nearby Places Nearby schools and amenities around 6822 Arcola Street

Price History

Similar Other For Sale

Listing description
This Other at 6822 Arcola Street Burnaby, BC with the MLS Number c8069198 listed by Naomi Wang - RE/MAX City Realty on the Burnaby market 3 months ago at $3,628,000.