Unit Number
Burnaby
5285 Hastings Street, Burnaby $4,100,000 22 Unit Apartment Building Suite Mix 1 Bachelor 15 - 1 Bedroom (2 PH) 5 - 2 Bedroom 1 - 3 Bedroom BILL GOOLD or PATRICK MCEVAY 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 5285 Hastings Street, Burnaby
“Glenburn Manor” is a four story apartment building located in Capitol Hill, close to schools, shopping, parks, SFU, and is easy access to the freeway and transit. Built in 1968, the building is wood construction with stucco exterior which was repainted in 2011. It also has a tar and gravel roof on the third level and a torched on roof that was redone in 2005 on the Penthouse level. The building and the cedar siding was either replaced or caulked, with $180,000 spent on the exterior including landscaping, parking and the double glazed windows. This 22 unit apartment building has an Armor cable elevator, original Beaver boiler to heat the building (with timer to conserve energy), and a new separate Rudd commercial hot water tank for the domestic hot water. The large clean and bright laundry room has tile floors, and two washers and two dryers that are owned by the building. There is a large office, a functional workshop with storage area and large sized storage lockers available for tenants. There are also 18 open and 6 covered parking stalls located in a large lot. At the covered front entrance there is an intercom system that leads to a wide open space lobby with granite tile and carpet. The building is tastefully decorated and in excellent condition. The vented hallways boast crown and baseboard mouldings and have Power Smart lighting. There are 3 suites on main floor, 6 on the second floor (Bachelor #203 is unauthorized), 9 on the third floor, and 4 on the fourth floor (2 penthouses). The units have in suite heat controls, smoke and heat detectors, and lots of closet space. The windows are double glazed with either drapes or blinds for coverings and sliding glass doors lead to the large balconies that were upgraded approximately 4 years ago with stainless steel fasteners and painted railings. The kitchens have tiled floors, wood cabinets and arborite countertops. The bathrooms have fans, and ceramic tile floors and showers. The penthouses have large sun decks with beautiful city views. BILL GOOLD or PATRICK MCEVAY 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 5285 Hastings Street, Burnaby
PL 30956 LT 70 DL 127 LD 36 Group 1, 0698-5286 PID – 002-420-872 1 Bachelor 15 1 Bedroom (2 PH) 5 2 Bedroom 1 3 Bedroom 22 Total Units
Legal Description
Suite Mix
Chattels
22 Fridges, 22 Stoves 2 Washers, 2 Dryers
Zoning
RM3 Multi Family Residential
Lot Size
21,587 s.f.
Age
44 Years (Constructed 1968) $22,409
Property Taxes 2011
Land $2,050,000 Improvements $ 807,000 Total $2,857,000 City of Burnaby, Richmond Elevator
Assessments 2012
Contracts
CMHC insured first mortgage $1,341,750 at 4.48% due Feb 2013 P & I $8,533 Conventional second mortgage $313,047 at 6.25% due Feb 2013 P & I $2,095 BILL GOOLD or PATRICK MCEVAY
Financial Encumbrances
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 5285 Hastings Street, Burnaby
Annual Revenue Rental Income (Rents x 12) Laundry (Estimated) Less Vacancy Rate (2%) Total Annual Gross Revenue
Actual $
$
Annual Expenses
261,852 $ 3,960 (5,316) 260,496 $
271,620 3,960 (5,512) 270,068
2011
Bank Gas Hydro Insurance License & Permits Property Tax (2011) Repairs & Maintenance(inc. elevator) Waste Collection Total Annual Expenses $ Total Annual Net Revenue $ Capitalization Rate Expense Ratio Purchase Price / Per Unit
Projected
$
86 12,698 2,300 4,625 1,132 22,409 25,885 1,936 71,071 $ 189,425 $
86 12,698 2,300 4,625 1,132 22,409 25,885 1,936 71,071 198,997
4.62% 27.28% 4,100,000 $
4.85% 26.31% 186,364
Actual 2011 rental income was $230,433. Actual 2011 gas was $18,140 but gas contract was lowered.
BILL GOOLD or PATRICK MCEVAY 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 – April 1, 2012 5285 Hastings Street, Burnaby Unit Number 101 102 103 203 204 205 206 207 208 309 310 311 312 313 314 315 316
317 418 419 420
421
Unit Type
Monthly Rent
Market Rent
1 Bedroom 2 Bedroom 3 Bedroom Bachelor (u/a) 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom PH 2 Bedroom 2 Bedroom 1 Bedroom PH
898 1100 1600 780 855 880 879 907 917* 913* 975* 880 910 870 915* 1150 1150 900 1080 1126 1054 1082
945 1150 1600 800 945 945 945 945 945 945 945 945 945 945 945 1150 1150 945 1100 1150 1150 1100
$21,821
$22,635
TOTAL *With August 1, 2012 Rent increases
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 PATRICK MCEVAY 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 5285 Hastings Street, Burnaby
$4,100,000 BILL GOOLD or PATRICK MCEVAY 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!
5285 Hastings Street, Burnaby $4,100,000 22 Unit Apartment Building Suite Mix 1 Bachelor 15 - 1 Bedroom (2 PH) 5 - 2 Bedroom 1 - 3 Bedroom BILL GOOLD or PATRICK MCEVAY 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 5285 Hastings Street, Burnaby
“Glenburn Manor” is a four story apartment building located in Capitol Hill, close to schools, shopping, parks, SFU, and is easy access to the freeway and transit. Built in 1968, the building is wood construction with stucco exterior which was repainted in 2011. It also has a tar and gravel roof on the third level and a torched on roof that was redone in 2005 on the Penthouse level. The building and the cedar siding was either replaced or caulked, with $180,000 spent on the exterior including landscaping, parking and the double glazed windows. This 22 unit apartment building has an Armor cable elevator, original Beaver boiler to heat the building (with timer to conserve energy), and a new separate Rudd commercial hot water tank for the domestic hot water. The large clean and bright laundry room has tile floors, and two washers and two dryers that are owned by the building. There is a large office, a functional workshop with storage area and large sized storage lockers available for tenants. There are also 18 open and 6 covered parking stalls located in a large lot. At the covered front entrance there is an intercom system that leads to a wide open space lobby with granite tile and carpet. The building is tastefully decorated and in excellent condition. The vented hallways boast crown and baseboard mouldings and have Power Smart lighting. There are 3 suites on main floor, 6 on the second floor (Bachelor #203 is unauthorized), 9 on the third floor, and 4 on the fourth floor (2 penthouses). The units have in suite heat controls, smoke and heat detectors, and lots of closet space. The windows are double glazed with either drapes or blinds for coverings and sliding glass doors lead to the large balconies that were upgraded approximately 4 years ago with stainless steel fasteners and painted railings. The kitchens have tiled floors, wood cabinets and arborite countertops. The bathrooms have fans, and ceramic tile floors and showers. The penthouses have large sun decks with beautiful city views. BILL GOOLD or PATRICK MCEVAY 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 5285 Hastings Street, Burnaby
PL 30956 LT 70 DL 127 LD 36 Group 1, 0698-5286 PID – 002-420-872 1 Bachelor 15 1 Bedroom (2 PH) 5 2 Bedroom 1 3 Bedroom 22 Total Units
Legal Description
Suite Mix
Chattels
22 Fridges, 22 Stoves 2 Washers, 2 Dryers
Zoning
RM3 Multi Family Residential
Lot Size
21,587 s.f.
Age
44 Years (Constructed 1968) $22,409
Property Taxes 2011
Land $2,050,000 Improvements $ 807,000 Total $2,857,000 City of Burnaby, Richmond Elevator
Assessments 2012
Contracts
CMHC insured first mortgage $1,341,750 at 4.48% due Feb 2013 P & I $8,533 Conventional second mortgage $313,047 at 6.25% due Feb 2013 P & I $2,095 BILL GOOLD or PATRICK MCEVAY
Financial Encumbrances
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 5285 Hastings Street, Burnaby
Annual Revenue Rental Income (Rents x 12) Laundry (Estimated) Less Vacancy Rate (2%) Total Annual Gross Revenue
Actual $
$
Annual Expenses
261,852 $ 3,960 (5,316) 260,496 $
271,620 3,960 (5,512) 270,068
2011
Bank Gas Hydro Insurance License & Permits Property Tax (2011) Repairs & Maintenance(inc. elevator) Waste Collection Total Annual Expenses $ Total Annual Net Revenue $ Capitalization Rate Expense Ratio Purchase Price / Per Unit
Projected
$
86 12,698 2,300 4,625 1,132 22,409 25,885 1,936 71,071 $ 189,425 $
86 12,698 2,300 4,625 1,132 22,409 25,885 1,936 71,071 198,997
4.62% 27.28% 4,100,000 $
4.85% 26.31% 186,364
Actual 2011 rental income was $230,433. Actual 2011 gas was $18,140 but gas contract was lowered.
BILL GOOLD or PATRICK MCEVAY 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 – April 1, 2012 5285 Hastings Street, Burnaby Unit Number 101 102 103 203 204 205 206 207 208 309 310 311 312 313 314 315 316
317 418 419 420
421
Unit Type
Monthly Rent
Market Rent
1 Bedroom 2 Bedroom 3 Bedroom Bachelor (u/a) 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom PH 2 Bedroom 2 Bedroom 1 Bedroom PH
898 1100 1600 780 855 880 879 907 917* 913* 975* 880 910 870 915* 1150 1150 900 1080 1126 1054 1082
945 1150 1600 800 945 945 945 945 945 945 945 945 945 945 945 1150 1150 945 1100 1150 1150 1100
$21,821
$22,635
TOTAL *With August 1, 2012 Rent increases
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 PATRICK MCEVAY 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 5285 Hastings Street, Burnaby
$4,100,000 BILL GOOLD or PATRICK MCEVAY 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!
