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Bradford Manor 5353 Hastings St 10 Unit Apartment Building $2,842,874 USD ($284,287 USD/Unit) 4.04% Cap Rate Burnaby, BC V5B 1P9
Investment Highlights
- Prime location in Burnaby’s Capitol Hill neighborhood near Hastings Street and Howard Avenue
- Ten-unit building with a mix of one-bedroom, one-bedroom plus den, and two-bedroom layouts
- Recent improvements include a new roof and upgraded electrical panel in 2022.
- Additional amenities include 10 storage lockers, seven surface parking stalls, and in-suite dishwashers in select units
Executive Summary
Solid, well maintained 10 units, 3-storey freestanding multi-family buildings in Burnaby's Capitol Hill neighborhood close to the corner of HASTINGS St & Howard Ave. Lot size of 8184sf with rentable area of 8350sf, 8 one bedrooms, 1 one bed+den, 1 two bedroom, all of which have been renovated to some extent over the past 15 years. Other highlights include new roofs(2022), upgraded electric panel(2022), dishwashers in 5 of the 10 suites, 1 set of owned washer & dryer, 10 storage lockers, and 7 surface parking stalls located at the rear of the building. Gross monthly income of $13,076 ($156,912 per annum), great investment return or as holding property for future re-zoning.
Property Facts
| Price | $2,842,874 USD | Apartment Style | Low-Rise |
| Price Per Unit | $284,287 USD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 4.04% | Building Size | 8,184 SF |
| No. Units | 10 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment | Parking Ratio | 0.86/1,000 SF |
| Zoning | RM3 - Multiple Dwelling District | ||
| Price | $2,842,874 USD |
| Price Per Unit | $284,287 USD |
| Sale Type | Investment |
| Cap Rate | 4.04% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 8,184 SF |
| No. Stories | 3 |
| Year Built | 1962 |
| Parking Ratio | 0.86/1,000 SF |
| Zoning | RM3 - Multiple Dwelling District |
Amenities
Unit Amenities
- Air Conditioning
- Oven
- Family Room
- Pantry
Site Amenities
- 24 Hour Access
- Controlled Access
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | - | 750 - 800 |
| 2+1 | 1 | - | 1,200 |
Walk Score®
Very Walkable (75)
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Bradford Manor | 5353 Hastings St
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