$665,000

34 - 8650 Cinnamon Drive, Burnaby, BC V5A 4H7

MLS® C8083139

Description

Sold investment! 5.5% Cap Rate! Long-term lease with Pizza Store tenant. Very well-maintained, proactive strata, high CRF, low water damage deductible. Centrally located with Forest Grove Elementary School (1 min away), Burnaby Mountain Secondary (6 min away) and Forest Grove Child Care Center (1 min away), plenty of foot traffic.

Property

Property type

Commercial Sale

Style

Retail

Structure

Mixed Use, Street-Level Storefront

Year built

1,984

Ownership

Freehold,Strata

Strata and restrictions

Strata fee

$669 per month

Costs

Annual property tax

$4,565

Tax year

2,026

Location

Area

Burnaby North

Neighbourhood

Forest Hills BN

Waterfront

No