Highgate apartment complex sold for $280K per unit

The 30-unit Burnaby rental building sold for $8.4 million

for Western Investor
February 2, 2018

linden ave
A 30-unit rental apartment building in the Highgate neighbourhood of Burnaby has sold for $8.4 million, JLL Canada reports. 
The building is situated on a 26,394-square-foot lot and sold for $280,000 per suite. The property includes a mix of 19 one-bedroom suites, 10 two-bedroom units, one three-bedroom unit and a penthouse. Highgate Village Shopping Centre is located 10 minutes away from the property. The site was listed for $8.88 million with an assessed value of $7.85 million. 
The property is located at 7110 Linden Ave., Burnaby. 


Price: 8,400,000
No. of Units: 30
Price/Unit: $280,000
Lot Size: 26,394 SF 
Property Type: Multi-family 
2017 B.C. Assessment Value: $7,853,700
City: Burnaby 
Province: B.C. 
Name of Brokerage: JLL Canada 

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David is vice president of JLL and specializes in the sale of investment properties, transacting over $100 million in multi-family real estate sales.

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Vancouver, B.C. V6C 2G6
Office: 604-910-3842

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