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Michael Chang Royal Pacific Realty Corp.

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$7,880,000

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4049 Hastings Street, Burnaby



  • N/A

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  • 6858 sqft
  • Built in
    1954
  • Strata fee
    N/A
  • Parking
    N/A
  • Listed on
    N/A
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Home facts
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Title Other Listing ID C8023312
Style Storeys in building 1
Listing Agent(s) Michael Chang
Brokerage Royal Pacific Realty Corp.
Features included N/A
Construction Please Login
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Description
Located in the popular and developing urban village commercial district of Burnaby Heights on Hastings St. Zoned C-8 which allows mixed use of commercial and residential up to 4 stories (52.5 ft) & a maximum F.A.R. of 3.0. This site offers direct/short bus transport to the Gilmore Skytrain Station. The site has 100' of frontage and is 122' deep (12,200 SF). Site currently has a one story building containing 6918 SF leased to 4 tenants (4051, 4053, 4057 & 4061 Hastings. The roof is approx 10 years old. Site has lane access ample parking in the rear. The yearly net income is approximately $130,000. Type of leases range from gross to triple net. Expiry dates of leases range from 2019 to mid 2021. Good tenants with histories going back 8,14,15 & 20 years. Excellent investment holding property (potential for rent increase) or possible development site. The area is filled with new development with more development applications currently in process. (id:26452)

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