Doulton Arms Apartments

7265 Arcola Street
Burnaby BC

Doulton Arms Apartments View1

Property Type

Multifamily
Property Size
31 625 Sq Ft
Available Space
31 625 Sq Ft
Opportunity Type
Sale
Price
CAD 16,250,000
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JLL is pleased to present investors the opportunity to acquire 100% freehold interest in Doulton Arms Apartments, located at 7265 Arcola Street in the Highgate neighbourhood of Burnaby, BC. The building has recently had over $650,000 invested in capital improvements including high-quality, complete renovations to nineteen (19) units which has resulted in 30% to 35% rental revenue increases and proving the future
yield growth potential as other tenants turnover. The secure cash flow value with proven growth, the large 31,000 sf lot, and the proximity to grocery anchored retail in a rapidly growing urban location combine to make this a rare and strategic investment opportunity.

Investment Highlights

  • Extensive capital improvements recently completed
  • Secure cash flow with proven value-add and revenue upside opportunity
  • Proximity to grocery anchored retail (walk score is 83/100)
  • Surrounding neighbourhood has seen extensive development and growth
  • Over 31,000 sf lot ripe for upzoning in the future
  • Meticulously maintained by professional property management and 100% occupied by high-quality tenants

Contact a Broker
David Venance_Commercial Real Estate Broker
David Venance

+1 604 267 2455

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Patrick McEvay_Commercial Real Estate Broker
Patrick McEvay

+1 604 267 2455

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James Blair_Commercial Real Estate Broker
James Blair

+1 604 790 7089

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