7323 6th Street, Burnaby
Great investment opportunity in highly developing prime area under Sixth Street Community Plan. It offers two suites(3 bedrooms & 2 bedrooms) upstairs and 1100 sqf leasable street-front retail space on the main. The property could easily generate $70K cash flow per year. Current price reflects only 1.1 FAR in the OCP. FAR might be raised to 3.1 if assembled with neighbors in the future(please verify with city). 4 parking spaces in the rear. Great holding property, ideal for investors or owners who live up & rent out the rest. Also listed commercial MLS C8040124.
Taxes (2021): $8,990.55