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Waldorf Manor

  • $15,750,000

Salient Details

  • Units 68
  • Suite Mix 8-Bachelor, 36-1 Bedroom, 24-2 Bedroom
  • Lot Size 60,946 sf
  • Year Built 1964/1966
  • Net Income $824,596
  • Cap Rate 5.24%

Waldorf Manor

Two adjacent apartment buildings comprised of 68 units and covering a sprawling 60,946 square feet of land in the rapidly evolving Edmonds neighbourhood of Burnaby
7448 & 7466 14th Avenue - Brochure
Download the Brochure
McEvay Blair Multifamily Group - Waldorf Manor - 7448 7466 14th Avenue Brochure Cover

Investment Highlights

Strategic Location
Strategically located just off Kingsway, with convenient access to both Edmond’s Town Centre and New Westminster.
Tenant Amenities
Larger building (7466 14th Avenue) has an elevator. Both buildings have ample covered parking between both buildings.
Spacious Suites
Two bedroom units feature massive layouts with balconies and views overlooking the Fraser River.
Substantial Upside
Substantially below market rents present approximately 60% upside upon tenant turnover.
Redevelopment Potential
Hold for redevelopment potential or reposition and sell individual buildings.
Abundance of Storage
Smaller of the buildings (7448 14th Avenue) has an abundance of excess and underutilized storage space on the ground floor that could potentially be converted into rental units.

Gallery

Contact us

Patrick McEvay

Managing Director

Personal Real Estate Corporation

(604) 789 0720

Patrick.McEvay@marcusmillichap.com

Email Patrick

James Blair

Managing Director

Personal Real Estate Corporation

(604) 790 7089

James.Blair@marcusmillichap.com

Email James

Adam Herman

Director

Personal Real Estate Corporation

(604) 652 3016

Adam.Herman@marcusmillichap.com

Email Adam

Suvarna Sunil

Associate Director

(778) 772 5133
Sunil.Suvarna@marcusmillichap.com

Email Sunil

Patrick Ferrie

Associate

(250) 793 3498
Patrick.ferrie@marcusmillichap.com
Email Patrick