7323 6th Street, Burnaby

Description

Great investment opportunity in highly developing prime area under Sixth Street Community Plan. It offers two suites(3 bedrooms & 2 bedrooms) upstairs and 1100 sqf leasable street-front retail space on the main. The property could easily generate $70K cash flow per year. Current price reflects only 1.1 FAR in the OCP. FAR might be raised to 3.1 if assembled with neighbors in the future(please verify with city). 4 parking spaces in the rear. Great holding property, ideal for investors or owners who live up & rent out the rest. Also listed commercial MLS C8040124.

Taxes (2021): $8,990.55

Amenities

In Suite Laundry

Features

ClthWsh Dryr Frdg Stve DW

What would you like to know?

MLS Reciprocity
Listed By: Nu Stream Realty Inc.
Disclaimer: Listing data is based in whole or in part on data generated by the Real Estate Board of Greater Vancouver and Fraser Valley Real Estate Board which assumes no responsibility for its accuracy.