for sale › ... › 6660-marlborough-bro… · condo and rental housing in one of burnaby’s most...
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GREG AMBROSESenior Sales Associate
National Apartment Group604 662 5178
LANCE COULSONPERSONAL REAL ESTATE CORPORATIONExecutive Vice President
National Apartment Group604 662 5141
NATIONAL APARTMENT GROUPB R I T I S H C O L U M B I A
CASA DOLCE APARTMENTS6660 MARLBOROUGH AVENUE, BURNABY, BC
ROYAL OAKSTATION
METROTOWNSTATION
DOWNTOWN VANCOUVER
IMPERIAL STREET
KINGSW
AY
FOR SALE
22-Suite Income Producing Rental Apartment Building With Excellent High Density Redeveleopment Potential in The Heart of Metrotown!
Metropolisat Metrotown
HIGHLIGHTS22-Suite Rental Apartment Building
Sought-After Metrotown Location
RM4s OCP Designation
High Density Residential up to 3.6 FAR
Assembly Potential
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PROPERTY SUMMARY
INVESTMENT HIGHLIGHTS
• Existing 22-Suite Rental Apartment Building with redevelopment potential, assembly potenital, and holding income;
• Highly desirable location in the Marlborough neighbourhood of Metrotown, near the Royal Oak Skytrain Station and Metropolis at Metrotown, providing access to over 450+ shops and services and 3 offices towers;
• Located on a large 14,584 Sq. Ft. lot with rezoning potential for high density development up to 3.6 FAR under Metrotowns OCP;
• Capitalize on the strong demand for both market condo and rental housing in one of Burnaby’s most sought-after neighbourhoods.
CIVIC ADDRESS 6660 Marlborough Avenue, Burnaby, BC
PARCEL IDENTIFIER 003-301-931
LEGAL DESCRIPTION Lot C Plan NWP1520 District Lot 152 Land District 1 Land District 36
SUITE BREAKDOWN
Bachelor 4One-Bedroom 16Two-Bedroom 2Total 22
CURRENT ZONING RM3 - Multiple Family Residential District
NET OPERATING
INCOME$181,243 - Potential to grow holding income while planning for future development
LIST PRICE $11,800,000
Assembly Opportunity with 6616 Marlborough AvenueTotal Combined Site Size: 21,876 Sq Ft.
Example of a High Density Residential BuildingLocated in the Marlborough Neighbourhood
Source: Metrotown Downtown Plan 2017, pg 63
POTENTIAL ASSEMBLY COMBINED SITE SIZE: 21,876 SQ. FT.TOTAL FRONTAGE IF COMBINED: 197.99 FEET
DEVELOPMENT POTENTIAL
Very Walkable Excellent Transit Bikers Paradise Site Dimensions1 Buildable Area Benchmark Condo Pricing2 Est. Population (2018)3 Est. Population (2023)3
89 84 89 131.9’ x 110.5’ 52,502 Sq. Ft. $1,210/SF 95,658 102,1151. All measurements are approximate and & subject to verification by the purchaser. 2. Urban Analytics. Benchmark pricing for Burnaby condos achieved in Polaris at Metrotown; a condo and townhouse development by Transca Development. 3. Within 3 km of the Property.
SITE SIZE 14,584 Sq. Ft.*
SITE DIMENSIONS 131.98 x 110.49 Ft*
* All measurements are approximate and & subject to verification by the purchaser
SUB AREA Marlborough Neighbourhood of Metrotown
OCP DESIGNATION
RM4s - High Density Residential Use
LAND USEMid to high-rise residential building with ground-oriented residential
OCP DENSITY Up to 3.6 FAR
M E T R O T O W N D O W N T O W N P L A N 3 7
METROTOWN
STATION
PATTERSON
STATION
T H E R I D G E
C E N T R A LP A R K E A S T
M A Y W O O D
M E T R O D O W N T O W N M A R L B O R O U G H
C E N T R A L P A R K N O R T H
DOVER STREET
AV
EN
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CHRISTOPHER
CT
BOND STREET
THURSTON STREET
INM
AN
AV
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AV
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FARRINGTON ST
SARDIS STREET
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SARDIS
AB
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SAMARA CT
SARATOGA CT
GRANGE STRE ET
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SON
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WIL
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KEMP STREET WIL
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AV
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KAT
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AVE
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BA
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JAMES ST
CENTRAL BLVD BERESFORD ST
CENTRAL BOULEVARD
BERESFORD STREET
TELF
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SILV
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McK
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MAYBERRY STREET
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MAYWOOD STREET
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K INGSBOROUGH ST
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HAZEL STREET
IRVING STREET
ELLERTON CT NORTHVIEW CT
BOND STREET
BO
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AV
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BUXTON CT
SARDIS STREET
GRAFTON STREET
HARLEY CT
SHEPHERD STREET
SARDIS STREET SAR
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BUXTON STREET
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MAITLAND STREET
AV
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AV
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McK
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SANDERS STREET
NEWTON STREET
MA
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BENNETT STREET
GRIMMER
GRIMMER STREET
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K INGSWAY
KINGSWAY
KINGSWAY
IMPERIAL STREET
MarlboroughElementary
School
BonsorRecreation
Complex
MaywoodCommunity
School
LobleyPark
Proposed MetroDowntownOpen Space
BC Parkway
BC Parkway
BC Parkway
MaywoodPark
CivicSquare
BobPrittie
Library
KinneePark
George McLeanPark
Central Park
RM5 RM5s RM4s/C2
MetrotownGENERAL LAND USE RM3s
Medium DensityResidential
RM4s RM4s/C3 RM5s/C2 RM5s/C3 Live/WorkOpportunity
Park/Open Space
NeighbourhoodCommercialOpportunityC1
PublicSchool
NeighbourhoodBoundary
SkyTrain StationC2/P2
SkyTrain
LEGEND
High Density Residential High Density Mixed Use
Institutional
T H E R I D G E
NOTE: Specific locations for non-market housing and market rental housing are not shown on the General Land Use Map as they would be permitted uses on all residentially designated sites.
NOTE: Specific locations for new institutional uses are not shown on the General Land Use Map as they would be considered on a site-by-site basis on any site designated for mixed-use.
NOTE: The proposed streets, lanes, and linkages are diagrammatic and may be adjusted to reflect development proposals and/or specific consolidation sites. For information on specific dedication requirements, contact the Planning Department.
110.49’
Bonsor Recreation Complex
EXPO
LINE
2
30
1
3
Skytrain Stations within walking distance of the property
Minute Drive to Downtown Vancouver
Km From 450+ Shops & Services at Metropolis at Metrotown
Km From Both Central Park and Riverway Golf Course
Metropolis at Metrotown
Maywood Community
School
METROTOWNSTATION
KINGSWAY
IMPERIAL ST
Subject Property6660 Marlborough Ave
14,584 Sq. Ft.
Neighbour6616
Marlborough Ave 7,292 Sq. Ft.
Image Source: Google Maps
110
.49
’
131.98’66.01’
131.
98’
MAR
LBO
ROUG
H AV
E
ROYA
L O
AK
SUBJECTPROPERTY
CBRE Limited | 1021 West Hastings Street | Suite 2500 | Vancouver, BC, V6E 0C3 | www.cbre.ca
This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation; to include all employees and independent contractors (“CBRE”). The information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained from third parties (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affiliated or related companies in other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved.Mapping Sources: Canadian Mapping Services [email protected]; DMTI Spatial, Environics Analytics, Microsoft Bing, Google Earth.
Existing 22-suite Rental Apartment Building with redevelopment potential and holding income, situated in the desirable Marlborough Neighbourhood of Metrotown, close to Skytrain, and
450+ of shops & services located in Metropolis at Metrotown and along Kingsway!
dolceAPARTMEN TS
casa