Burnaby apartment building sold for $3.88M

The 14-unit apartment building sold for $277,785 per suite

By
for Western Investor
April 16, 2019





ridge manor
 
A 14-unit apartment building in Burnaby has sold for $3.88 million, the Goodman Team at HQ Commercial reports. 
 
Ridge Crest Manor is located in Burnaby’s Westridge neighbourhood, just five minutes from Simon Fraser University. The woodframe apartment was constructed in 1964 and is comprised of three two-bedroom suites and 11 one-bedroom units. The property sold for approximately $277,785 per suite. 
 
The property is located at 7165 Pandora St., Burnaby. 
 

Breakdown: 

 
Price: $3,889,000 
No. of Units: 14
Price/Unit: $277,785 
Lot Size: 14,201 SF 
Property Type: Multi-family 
Zoning: RM-2 
2018 B.C. Assessment Value: $4,219,000
City: Burnaby    
Province: B.C. 
Name of Brokerage: HQ Commercial 
 
 
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Mark Goodman is a principal at Goodman Commercial and specializes in the rental apartment and development site market in Metro Vancouver. He is also a co-publisher of The Goodman Report.

Goodman Commercial
560–2608 Granville Street,
Vancouver, B.C. V6H 3V3
Office: 604-558-5511
www.goodmanreport.com

Cynthia Jagger is a principal at Goodman Commercial and specializes in the rental apartment and development site market in Metro Vancouver. She is also a co-publisher of The Goodman Report.

Goodman Commercial
560–2608 Granville Street,
Vancouver, B.C. V6H 3V3
Office: 604-558-5511
www.goodmanreport.com

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