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Sold

6700 Dow Avenue

  • $3,300,000

Salient Details

  • Units 10
  • Suite Mix 10-1 Bedroom
  • Lot Size 9,107 sf
  • Year Built 1968
  • Net Income $98,519
  • Cap Rate 2.99%

6700 Dow Avenue

A well-maintained, 10-unit apartment building on a 9,107 square foot lot with future redevelopment potential in Metrotown.
6700 Dow Avenue - Brochure
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McEvay Blair Multifamily Group - 6700 Dow Avenue - 001 2

Investment Highlights

Prime Metrotown Location
Rarely available apartment building located in the core of the Metrotown Community Plan and within minutes to Metrotown Shopping Centre and Metrotown Skytrain Station.
Highrise Redevelopment Potential
Site size of 9,107 sqft. and a designation of Highrise Apartment 1 (Residential 30 Storeys) under the new Burnaby 2050 Draft Land Use Map.
Well Maintained and Professionally Managed
Professional building management has continued to maintain the building to a high standard throughout. Features include well-cared for units, breaker panels, 10 full-size storage lockers, 8 parking spots, and replaced windows and patio doors.
Potential to Increase Revenue
All units are rented at well below market rental rates and there is potential to add an 11th unit in the basement to improve cash-flow.

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Contact us

James Blair

Managing Director

Personal Real Estate Corporation

(604) 790 7089

James.Blair@marcusmillichap.com

Email James

Patrick McEvay

Managing Director

Personal Real Estate Corporation

(604) 789 0720

Patrick.McEvay@marcusmillichap.com

Email Patrick

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