4049 HASTINGS STREET Burnaby, BC V5C 2J1

Jimmy Nam
Jimmy Nam
Associate

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230260272 49.281296 -123.01496 734 /listing/230260272-150112753/4049-hastings-street-burnaby-bc-v5c-2j1 False 0 7288000.0 6858 101 C8023312 False
  • $7,288,000
  • 4049 HASTINGS STREET Burnaby, BC V5C 2J1
  • 6,858 sqft

Property & Neighborhood Info

Courtesy Of Royal Pacific Realty Corp.

Commercial in Burnaby

THIS IS AN ASSET SALE. QUICK COMPLETION REQUIRED: Located in the popular and developing urban village commercial district of Burnaby Heights on Hastings St. Zoned C-8 which allows mixed use of commercial and residential up to 4 stories (52.5 ft) & a maximum F.A.R. of 3.0. This site offers direct/short bus transport to the Gilmore Skytrain Station. The site has 100' of frontage and is 122' deep (12,200 SF). Site currently has a one story building containing 6918 SF leased to 4 tenants (4051, 4053, 4057 & 4061 Hastings. The roof is approx 10 years old. Site has lane access ample parking in the rear. The yearly net income is approx. $130,000. Type of leases range from gross to triple net. Expiry dates of leases range from 2019 to mid 2021. Good tenants with histories going back 8,14,15 & 20 years. Excellent investment holding property (potential for rent increase) or possible development site. The area is filled with new development with more development applications currently in process.

Courtesy Of Royal Pacific Realty Corp.
  1. 6,858 Sq. Ft.

Main Features

  • Listing Status: Active
  • MLS® Number:C8023312

Additional Features

  • Style:
    • Office
    • Retail
  • Floor Area Fin - Main Flr:
    • 0.11
  • Short Region Code:
    • Vancouver
Neighborhood info courtesy of Homes.com © 2019