Unit Number
BURNABY
6587 Burlington Avenue, Burnaby $4,648,000 31 Unit Apartment Building Suite Mix 3 - Bachelor 19 - 1 Bedroom 9 - 2 Bedroom
BILL GOOLD or ANTHONY KANJER 604-263-2823 [email protected] RE/MAX BILL GOOLD REALTY 410 North Tower, 650 West 41st Avenue Vancouver, BC V5Z 2M9
PHONE 604-263-2823 FAX 604-263-1057 BILLGOOLDREALTY.COM
Each office independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
Selling Apartment Buildings as if they were our own!
BUILDING SUMMARY 6587 Burlington Avenue, Burnaby
‘Longsmith Apartments’ is a three storey, well maintained apartment building, located one and a half blocks from all the amenities on Kingsway, a skytrain station and blocks from Metrotown Mall. It is wood construction with stucco and brick exterior, a tar and gravel roof, secure underground parking and landscaping that has been redone. The exterior was also repainted in the last five years and new soffits installed. This is a well managed building that has been in the family for decades. The large, beautiful and bright lobby is tastefully decorated with new curtains, sconce lighting, wallpaper and baseboard mouldings. All new lighting is energy efficient and the recirculating pipes for the building have been replaced and hot and cold shutoffs added. The building is equipped with an intercom system, mastered locks, Armor cable elevator, smoke and heat detectors, a Hydrotherm boiler that was replaced in the last five years, and a domestic hot water system with a Teledyne boiler and a super hot storage tank. The laundry room is large with two Maytag washers and two Maytag dryers. The whole building was also rekeyed ten years ago, along with 1” deadbolts installed. The 31 suites all have large balconies with steel railings, lots of closets, electrical panels with fuses and drapes for window coverings. Some of the kitchen cabinets have been refurbished and counter tops replaced. Most stoves and hood fans have been replaced and all fridges are frost free. Most of the lino floors have been replaced, and carpet in the rest of the suites. The bathrooms have lino floors and ceramic tile tub surrounds, which in some suites has been replaced.
BILL GOOLD or ANTHONY KANJER 604-263-2823 [email protected] RE/MAX BILL GOOLD REALTY 410 North Tower, 650 West 41st Avenue Vancouver, BC V5Z 2M9
PHONE 604-263-2823 FAX 604-263-1057 BILLGOOLDREALTY.COM
Each office independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
Selling Apartment Buildings as if they were our own!
PROPERTY INFORMATION 6587 Burlington Avenue, Burnaby Legal Description
Lot 46 (605206E) DL 152 Group 1 New Westminster District Plan 1520 PID 003-299-953
Suite Mix - 31 Units Total
3 - Bachelor 19 - 1 Bedroom 9 - 2 Bedroom
Chattels
31 Fridges, 31 Stoves
Zoning
RM3 (Multiple Family Residential)
Lot Size
21,562 square feet
Age
44 Years (Constructed 1967)
Property Taxes 2010
$
18,321
$ $ $
2,048,000 2,049,000 4,097,000
Assessments 2011
Land Improvements Total
Contracts
Eltec Elevator Canadian Pest Control
Financial Encumbrances
Mortgage is with CMHC in the amount of $1,999,041, principle at maturity $1,784,224. Principal and Trust payments are $10,622.82, with an interest rate of 3.86%, maturing December 1, 2014.
BILL GOOLD or ANTHONY KANJER 604-263-2823 [email protected] RE/MAX BILL GOOLD REALTY 410 North Tower, 650 West 41st Avenue Vancouver, BC V5Z 2M9
PHONE 604-263-2823 FAX 604-263-1057 BILLGOOLDREALTY.COM
Each office independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
Selling Apartment Buildings as if they were our own!
FINANCIAL SUMMARY 6587 Burlington Avenue, Burnaby Annual Revenue Rental Income (Rents x 12) Laundry (estimated) Parking Miscellaneous Income Less Vacancy Rate (1%) Total Annual Gross Revenue
Actual $
$
Annual Expenses Alarm/Fire Elevator Gas Hydro Insurance Landscaping Property Taxes Repairs & Maintenance Telephone Waste Collection Water & Sewer Total Annual Expenses Total Annual Net Revenue Capitalization Rate Expense Ratio Purchase Price / Per Unit
Projected
315,996 $ 6,925 3,920 325 -3,272 323,894 $ 2010
334,068 6,925 3,920 325 -3,452 341,786 Projected
$ $
577 2,192 23,331 2,846 9,909 402 18,321 21,451 337 1,480 14,530 95,376 $ 228,518 $
577 2,192 23,331 2,846 9,909 402 18,321 21,451 337 1,480 14,530 95,376 246,410
$
4.92% 29.45% 4,648,000 $
5.30% 27.91% 149,935
BILL GOOLD or ANTHONY KANJER 604-263-2823 [email protected] RE/MAX BILL GOOLD REALTY 410 North Tower, 650 West 41st Avenue Vancouver, BC V5Z 2M9
PHONE 604-263-2823 FAX 604-263-1057 BILLGOOLDREALTY.COM
Each office independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
Selling Apartment Buildings as if they were our own!
RENT ROLL – February 2011 6587 Burlington Avenue, Burnaby Unit Number
Unit Type
Monthly Rent
Market Rent
101
1 Bedroom
825
881
102
1 Bedroom
835
881
103
2 Bedroom
1,050
1,000
104
Bachelor
680
700
105
1 Bedroom
750
881
106
2 Bedroom
945
1,000
107
2 Bedroom
1,050
1,000
108
1 Bedroom
791
881
109
1 Bedroom
774
881
201
1 Bedroom
835
881
202
1 Bedroom
881
881
203
1 Bedroom
850
881
204
2 Bedroom
950
1,000
205
Bachelor
680
700
206
1 Bedroom
815
881
207
2 Bedroom
960
1,000
208
2 Bedroom
925
1,000
209
1 Bedroom
820
881
210
1 Bedroom
815
881
211
1 Bedroom
825
881
Continued on next page... Please note that our market rents are based on research. We strongly recommend that you do your own research as this is only to be used as a guideline.
BILL GOOLD or ANTHONY KANJER 604-263-2823 [email protected] RE/MAX BILL GOOLD REALTY 410 North Tower, 650 West 41st Avenue Vancouver, BC V5Z 2M9
PHONE 604-263-2823 FAX 604-263-1057 BILLGOOLDREALTY.COM
Each office independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
Selling Apartment Buildings as if they were our own!
RENT ROLL – February 2011 6587 Burlington Avenue, Burnaby Unit Number
Unit Type
Monthly Rent
Market Rent
301
1 Bedroom
819
881
302
1 Bedroom
813
881
303
1 Bedroom
807
881
304
2 Bedroom
975
1,000
305
Bachelor
680
700
306
1 Bedroom
804
881
307
2 Bedroom
950
1,000
308
2 Bedroom
962
1,000
309
1 Bedroom
830
881
310
1 Bedroom
830
881
311
1 Bedroom
807
881
$26,333
$27,839
TOTAL
Please note that our market rents are based on research. We strongly recommend that you do your own research as this is only to be used as a guideline.
BILL GOOLD or ANTHONY KANJER 604-263-2823 [email protected] RE/MAX BILL GOOLD REALTY 410 North Tower, 650 West 41st Avenue Vancouver, BC V5Z 2M9
PHONE 604-263-2823 FAX 604-263-1057 BILLGOOLDREALTY.COM
Each office independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
Selling Apartment Buildings as if they were our own!
LOCATION 6587 Burlington Avenue, Burnaby
$4,648,000
BILL GOOLD or ANTHONY KANJER 604-263-2823 [email protected] RE/MAX BILL GOOLD REALTY 410 North Tower, 650 West 41st Avenue Vancouver, BC V5Z 2M9
PHONE 604-263-2823 FAX 604-263-1057 BILLGOOLDREALTY.COM
Each office independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
Selling Apartment Buildings as if they were our own!
6587 Burlington Avenue, Burnaby $4,648,000 31 Unit Apartment Building Suite Mix 3 - Bachelor 19 - 1 Bedroom 9 - 2 Bedroom
BILL GOOLD or ANTHONY KANJER 604-263-2823 [email protected] RE/MAX BILL GOOLD REALTY 410 North Tower, 650 West 41st Avenue Vancouver, BC V5Z 2M9
PHONE 604-263-2823 FAX 604-263-1057 BILLGOOLDREALTY.COM
Each office independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
Selling Apartment Buildings as if they were our own!
BUILDING SUMMARY 6587 Burlington Avenue, Burnaby
‘Longsmith Apartments’ is a three storey, well maintained apartment building, located one and a half blocks from all the amenities on Kingsway, a skytrain station and blocks from Metrotown Mall. It is wood construction with stucco and brick exterior, a tar and gravel roof, secure underground parking and landscaping that has been redone. The exterior was also repainted in the last five years and new soffits installed. This is a well managed building that has been in the family for decades. The large, beautiful and bright lobby is tastefully decorated with new curtains, sconce lighting, wallpaper and baseboard mouldings. All new lighting is energy efficient and the recirculating pipes for the building have been replaced and hot and cold shutoffs added. The building is equipped with an intercom system, mastered locks, Armor cable elevator, smoke and heat detectors, a Hydrotherm boiler that was replaced in the last five years, and a domestic hot water system with a Teledyne boiler and a super hot storage tank. The laundry room is large with two Maytag washers and two Maytag dryers. The whole building was also rekeyed ten years ago, along with 1” deadbolts installed. The 31 suites all have large balconies with steel railings, lots of closets, electrical panels with fuses and drapes for window coverings. Some of the kitchen cabinets have been refurbished and counter tops replaced. Most stoves and hood fans have been replaced and all fridges are frost free. Most of the lino floors have been replaced, and carpet in the rest of the suites. The bathrooms have lino floors and ceramic tile tub surrounds, which in some suites has been replaced.
BILL GOOLD or ANTHONY KANJER 604-263-2823 [email protected] RE/MAX BILL GOOLD REALTY 410 North Tower, 650 West 41st Avenue Vancouver, BC V5Z 2M9
PHONE 604-263-2823 FAX 604-263-1057 BILLGOOLDREALTY.COM
Each office independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
Selling Apartment Buildings as if they were our own!
PROPERTY INFORMATION 6587 Burlington Avenue, Burnaby Legal Description
Lot 46 (605206E) DL 152 Group 1 New Westminster District Plan 1520 PID 003-299-953
Suite Mix - 31 Units Total
3 - Bachelor 19 - 1 Bedroom 9 - 2 Bedroom
Chattels
31 Fridges, 31 Stoves
Zoning
RM3 (Multiple Family Residential)
Lot Size
21,562 square feet
Age
44 Years (Constructed 1967)
Property Taxes 2010
$
18,321
$ $ $
2,048,000 2,049,000 4,097,000
Assessments 2011
Land Improvements Total
Contracts
Eltec Elevator Canadian Pest Control
Financial Encumbrances
Mortgage is with CMHC in the amount of $1,999,041, principle at maturity $1,784,224. Principal and Trust payments are $10,622.82, with an interest rate of 3.86%, maturing December 1, 2014.
BILL GOOLD or ANTHONY KANJER 604-263-2823 [email protected] RE/MAX BILL GOOLD REALTY 410 North Tower, 650 West 41st Avenue Vancouver, BC V5Z 2M9
PHONE 604-263-2823 FAX 604-263-1057 BILLGOOLDREALTY.COM
Each office independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
Selling Apartment Buildings as if they were our own!
FINANCIAL SUMMARY 6587 Burlington Avenue, Burnaby Annual Revenue Rental Income (Rents x 12) Laundry (estimated) Parking Miscellaneous Income Less Vacancy Rate (1%) Total Annual Gross Revenue
Actual $
$
Annual Expenses Alarm/Fire Elevator Gas Hydro Insurance Landscaping Property Taxes Repairs & Maintenance Telephone Waste Collection Water & Sewer Total Annual Expenses Total Annual Net Revenue Capitalization Rate Expense Ratio Purchase Price / Per Unit
Projected
315,996 $ 6,925 3,920 325 -3,272 323,894 $ 2010
334,068 6,925 3,920 325 -3,452 341,786 Projected
$ $
577 2,192 23,331 2,846 9,909 402 18,321 21,451 337 1,480 14,530 95,376 $ 228,518 $
577 2,192 23,331 2,846 9,909 402 18,321 21,451 337 1,480 14,530 95,376 246,410
$
4.92% 29.45% 4,648,000 $
5.30% 27.91% 149,935
BILL GOOLD or ANTHONY KANJER 604-263-2823 [email protected] RE/MAX BILL GOOLD REALTY 410 North Tower, 650 West 41st Avenue Vancouver, BC V5Z 2M9
PHONE 604-263-2823 FAX 604-263-1057 BILLGOOLDREALTY.COM
Each office independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
Selling Apartment Buildings as if they were our own!
RENT ROLL – February 2011 6587 Burlington Avenue, Burnaby Unit Number
Unit Type
Monthly Rent
Market Rent
101
1 Bedroom
825
881
102
1 Bedroom
835
881
103
2 Bedroom
1,050
1,000
104
Bachelor
680
700
105
1 Bedroom
750
881
106
2 Bedroom
945
1,000
107
2 Bedroom
1,050
1,000
108
1 Bedroom
791
881
109
1 Bedroom
774
881
201
1 Bedroom
835
881
202
1 Bedroom
881
881
203
1 Bedroom
850
881
204
2 Bedroom
950
1,000
205
Bachelor
680
700
206
1 Bedroom
815
881
207
2 Bedroom
960
1,000
208
2 Bedroom
925
1,000
209
1 Bedroom
820
881
210
1 Bedroom
815
881
211
1 Bedroom
825
881
Continued on next page... Please note that our market rents are based on research. We strongly recommend that you do your own research as this is only to be used as a guideline.
BILL GOOLD or ANTHONY KANJER 604-263-2823 [email protected] RE/MAX BILL GOOLD REALTY 410 North Tower, 650 West 41st Avenue Vancouver, BC V5Z 2M9
PHONE 604-263-2823 FAX 604-263-1057 BILLGOOLDREALTY.COM
Each office independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
Selling Apartment Buildings as if they were our own!
RENT ROLL – February 2011 6587 Burlington Avenue, Burnaby Unit Number
Unit Type
Monthly Rent
Market Rent
301
1 Bedroom
819
881
302
1 Bedroom
813
881
303
1 Bedroom
807
881
304
2 Bedroom
975
1,000
305
Bachelor
680
700
306
1 Bedroom
804
881
307
2 Bedroom
950
1,000
308
2 Bedroom
962
1,000
309
1 Bedroom
830
881
310
1 Bedroom
830
881
311
1 Bedroom
807
881
$26,333
$27,839
TOTAL
Please note that our market rents are based on research. We strongly recommend that you do your own research as this is only to be used as a guideline.
BILL GOOLD or ANTHONY KANJER 604-263-2823 [email protected] RE/MAX BILL GOOLD REALTY 410 North Tower, 650 West 41st Avenue Vancouver, BC V5Z 2M9
PHONE 604-263-2823 FAX 604-263-1057 BILLGOOLDREALTY.COM
Each office independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
Selling Apartment Buildings as if they were our own!
LOCATION 6587 Burlington Avenue, Burnaby
$4,648,000
BILL GOOLD or ANTHONY KANJER 604-263-2823 [email protected] RE/MAX BILL GOOLD REALTY 410 North Tower, 650 West 41st Avenue Vancouver, BC V5Z 2M9
PHONE 604-263-2823 FAX 604-263-1057 BILLGOOLDREALTY.COM
Each office independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
Selling Apartment Buildings as if they were our own!
