5868 olive avenue - Colliers Canada
For Sale >
5868 OLIVE AVENUE BURNABY, BC Sam Nakhleh*
Senior Vice President DIR +1 604 661 0861 [email protected]
FOR SALE > METROTOWN DEVELOPMENT OPPORTUNITY WITH HOLDING INCOME
5868 OLIVE AVENUE BURNABY, BC
Address
5868 Olive Avenue, Burnaby, BC
Legal Description
Lot 104, District Lot 151, Group 1, New Westminster District, Plan 35426 PID: 002-655-811
Site Area
The site is approximately 31,935 SF in size with about 128 feet of frontage to Olive Avenue.
Improvements
The Property is improved with a 47 unit, three-storey wood-frame apartment building with underground parking.
Zoning
RM3 (Multiple Family Residential District) Full copy available upon request. The City of Burnaby is redrafting the Metrotown Area Plan and higher overall densities are anticipated for properties in close proximity to a skytrain station. Discussion with market participants suggests an increase in base density from 1.1x to 3.4x.
Tax Assessment (2013)
Land Improvements Total
$3,672,000 $3,066,000 $6,738,000
Property Taxes (2012)
$53,392.98
NOI (2012 Actual)
$305,825
Offering Process
Prospective Purchasers are invited to submit Offers to Purchase for the Property through Colliers on or after May 1, 2013. Prospective Purchasers working through their own agent/advisor shall be solely responsible for the fee payable to said agent/ advisor.
Photo Gallery
Location The Property is located in Burnaby, BC just east of Vancouver. Burnaby enjoys a central location within the Metro Vancouver region and is the third largest city in BC. The Property is located in the Metrotown Town Centre area in the southwest quadrant of Burnaby. The Metrotown area is serviced by the Expo Line Skytrain. More specifically, the Property is located on the east side of Olive Avenue south of Kingsway and about 700 feet north of the Patterson Skytrain Station. Olive Avenue is a local road west of Willingdon Avenue.
FOR SALE > METROTOWN DEVELOPMENT OPPORTUNITY WITH HOLDING INCOME N
5868 OLIVE AVENUE ST.
CANADA WAY 22 AVE.
ROYAL OAK AVE.
WILLINGDON AVE.
MOSCROP ST.
BOUNDARY ROAD
KERR ST.
RUPERT ST.
JO YC E
ST .
SPROTT ST.
KENSINGTON AVE.
BROADWAY
BU R N A BY
29 AVE.
ARDEN AV.
LOUGHEED H IGH WA Y
CURTIS ST.
DUTHIE AVE.
HOLDOM AVE.
GILMORE AVE.
BOUNDARY ROAD
RENFREW ST.
PARKER ST.
SPERLING AVE.
HASTINGS ST.
1
BURNABY, BC BROADWAY
Simon Fraser University
INLET
HASTINGS ST.
.
DR
kENSINGTON AVE.
WAL L
MCGILL
WINSTON ST.
Burnaby Lake Regional Park
GILPIN ST.
IS RR
. ST
BU
.
OAKLAND ST. KIN GS WA Y
IMPERIAL ST.
. ST
M
ED
1A 99A
54 AVE.
DS ON
. ST
RICHMOND
8
8
RIVE
INE DR.
AV
. ST
E WA Y
E.
12
. ST
SW MAR
MARIN
.
10
19
TO AIRPORT
E AV 16
.
VE
A NEW 6 W EST M I N ST E R
R RD
.
For Further Information, Please Contact: Sam Nakhleh*
Senior Vice President DIR +1 604 661 0861 [email protected] This document/email has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2013. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Brokerage Inc. (Vancouver). *Personal Real Estate Corporation.
E AV
5868 OLIVE AVENUE BURNABY, BC Sam Nakhleh*
Senior Vice President DIR +1 604 661 0861 [email protected]
FOR SALE > METROTOWN DEVELOPMENT OPPORTUNITY WITH HOLDING INCOME
5868 OLIVE AVENUE BURNABY, BC
Address
5868 Olive Avenue, Burnaby, BC
Legal Description
Lot 104, District Lot 151, Group 1, New Westminster District, Plan 35426 PID: 002-655-811
Site Area
The site is approximately 31,935 SF in size with about 128 feet of frontage to Olive Avenue.
Improvements
The Property is improved with a 47 unit, three-storey wood-frame apartment building with underground parking.
Zoning
RM3 (Multiple Family Residential District) Full copy available upon request. The City of Burnaby is redrafting the Metrotown Area Plan and higher overall densities are anticipated for properties in close proximity to a skytrain station. Discussion with market participants suggests an increase in base density from 1.1x to 3.4x.
Tax Assessment (2013)
Land Improvements Total
$3,672,000 $3,066,000 $6,738,000
Property Taxes (2012)
$53,392.98
NOI (2012 Actual)
$305,825
Offering Process
Prospective Purchasers are invited to submit Offers to Purchase for the Property through Colliers on or after May 1, 2013. Prospective Purchasers working through their own agent/advisor shall be solely responsible for the fee payable to said agent/ advisor.
Photo Gallery
Location The Property is located in Burnaby, BC just east of Vancouver. Burnaby enjoys a central location within the Metro Vancouver region and is the third largest city in BC. The Property is located in the Metrotown Town Centre area in the southwest quadrant of Burnaby. The Metrotown area is serviced by the Expo Line Skytrain. More specifically, the Property is located on the east side of Olive Avenue south of Kingsway and about 700 feet north of the Patterson Skytrain Station. Olive Avenue is a local road west of Willingdon Avenue.
FOR SALE > METROTOWN DEVELOPMENT OPPORTUNITY WITH HOLDING INCOME N
5868 OLIVE AVENUE ST.
CANADA WAY 22 AVE.
ROYAL OAK AVE.
WILLINGDON AVE.
MOSCROP ST.
BOUNDARY ROAD
KERR ST.
RUPERT ST.
JO YC E
ST .
SPROTT ST.
KENSINGTON AVE.
BROADWAY
BU R N A BY
29 AVE.
ARDEN AV.
LOUGHEED H IGH WA Y
CURTIS ST.
DUTHIE AVE.
HOLDOM AVE.
GILMORE AVE.
BOUNDARY ROAD
RENFREW ST.
PARKER ST.
SPERLING AVE.
HASTINGS ST.
1
BURNABY, BC BROADWAY
Simon Fraser University
INLET
HASTINGS ST.
.
DR
kENSINGTON AVE.
WAL L
MCGILL
WINSTON ST.
Burnaby Lake Regional Park
GILPIN ST.
IS RR
. ST
BU
.
OAKLAND ST. KIN GS WA Y
IMPERIAL ST.
. ST
M
ED
1A 99A
54 AVE.
DS ON
. ST
RICHMOND
8
8
RIVE
INE DR.
AV
. ST
E WA Y
E.
12
. ST
SW MAR
MARIN
.
10
19
TO AIRPORT
E AV 16
.
VE
A NEW 6 W EST M I N ST E R
R RD
.
For Further Information, Please Contact: Sam Nakhleh*
Senior Vice President DIR +1 604 661 0861 [email protected] This document/email has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2013. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Brokerage Inc. (Vancouver). *Personal Real Estate Corporation.
E AV
