Bob Bracken's Listings
7642 JOFFRE Avenue in Burnaby: Suncrest House for sale (Burnaby South) : MLS®# R2543864
7642 JOFFRE Avenue Burnaby V5J 3K5 : Suncrest
SOLD OVER THE ASKING PRICE!
Here is information on Bob Bracken's New Listing at 7642 - 7644 Joffre Avenue Burnaby, located in the quiet Burnaby "South Slope" neighbourhood. This is a Multi Unit Cash Machine Property, a Huge 5060 SF Side-By-Side Legal Duplex with Additional Accommodation, on a Big 75'X107' (7650 SF) R5 Zoned Lot. Built in 1976, the Duplex is in good condition, each Side having a Main (Upper) Level of 1310 SF Suite - North Side (7642 Joffre) has 3 Bdrms, 2 Bath Suite; while the South Side (7644 Joffre) has 4 Bdrms, 3 Bath Suite. At the Ground Entry Level, each 1220 SF/Side, has 2 Bdrm, 1 Bath Suite, plus an attached "locked-off" Studio, separately rented. All Suites are self contained & have own Laundry except the Studio Suites. The Building, currently generates approx $9,190/mo or $110,280/yr Gross Income. Net Income is approx. $91,266/yr for a 4.20% Cap Rate at current rents with Great Rental Upside. Located 1/2 block to Suncrest Park, close to Central Park, and just minutes to popular Metrotown shopping, restaurants, transit, schools. This is a 1st class Investment property, and is also great for Owner-Occupiers & Shared Ownership with lots of Accommodation & great Mortgage Help. Located in an area of New Strata Duplexes and Large Lots, there is great promise for Future Development Potential. All viewings by Appointment Only with 2 day notice, during week & Saturdays, COVID rules, all Masked required. s. Please contact Bob Bracken 604-220-2035 to book Appointments, Information Package, Floor Plan.. Offers if any email firstname.lastname@example.org by 5:00pm Thurs March 11th.
Data was last updated April 19, 2021 at 02:10 AM (UTC)