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18,200 square feet multi-family rental in Burnaby sells for $8.8 million

Burnaby 26-unit multi-family rental sells for $8.8 million

Macdonald Commercial
Western Investor

Villa Fortuna, in the popular shopping district of Burnaby Heights and close to Simon Fraser University, sold for $1.8 million above its assessed value.

Type of property: Multi-family rental

Location: 4129 Albert Street, Burnaby, B.C.

Number of units: 26

Size of property: 18,200 square feet

Size of lot: 16,104 square feet

Size of lot, in acres: 0.37 acre

Zoning: RM3

BC Assessment value: $7.01 million

List price: $9.3 million

Sale price: $8.8 million

Date of sale: February 18, 2022

Brokerage: Macdonald Commercial, Vancouver

Broker: Sam Emam

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