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Main Photo: 488 GAMMA Avenue in Burnaby: Capitol Hill BN Office for sale in "Montage" (Burnaby North)  : MLS®# C8066613
Photo 1: 488 GAMMA Avenue in Burnaby: Capitol Hill BN Office for sale in "Montage" (Burnaby North)  : MLS®# C8066613
Photo 2: 488 GAMMA Avenue in Burnaby: Capitol Hill BN Office for sale in "Montage" (Burnaby North)  : MLS®# C8066613
Photo 3: 488 GAMMA Avenue in Burnaby: Capitol Hill BN Office for sale in "Montage" (Burnaby North)  : MLS®# C8066613
Photo 4: 488 GAMMA Avenue in Burnaby: Capitol Hill BN Office for sale in "Montage" (Burnaby North)  : MLS®# C8066613
Photo 5: 488 GAMMA Avenue in Burnaby: Capitol Hill BN Office for sale in "Montage" (Burnaby North)  : MLS®# C8066613
Photo 6: 488 GAMMA Avenue in Burnaby: Capitol Hill BN Office for sale in "Montage" (Burnaby North)  : MLS®# C8066613
Photo 7: 488 GAMMA Avenue in Burnaby: Capitol Hill BN Office for sale in "Montage" (Burnaby North)  : MLS®# C8066613
Photo 8: 488 GAMMA Avenue in Burnaby: Capitol Hill BN Office for sale in "Montage" (Burnaby North)  : MLS®# C8066613
Photo 9: 488 GAMMA Avenue in Burnaby: Capitol Hill BN Office for sale in "Montage" (Burnaby North)  : MLS®# C8066613
Photo 10: 488 GAMMA Avenue in Burnaby: Capitol Hill BN Office for sale in "Montage" (Burnaby North)  : MLS®# C8066613
Status:
Active
Prop. Type:
Office, Retail
MLS® Num:
C8066613
Build. Type:
Low Rise (2-4 stories)
TURN-KEY DENTAL CLINIC in the highly sought-after Burnaby Heights neighbourhood! 488 Gamma Avenue presents 1,074 SF of streetfront retail at the base of the mixed-use "Montage" building, constructed in 2016. The property is currently tenanted until December 31, 2028 with potential to occupy earlier [ask agent for details]. For occupiers, this presents an opportunity to enjoy an income-producing asset until it is vacated, and for investors, there is tremendous upside to negotiate higher lease rates with a new dental clinic tenant. Burnaby Heights is a vibrant community with a mix of renowned restaurants, specialty shops, cafes, while also consistently welcoming new residents and businesses as the Hastings Corridor develops. Surrounded by schools, parks, and strong residential presence, businesses in the Heights are set-up for success.
Sale Type:
Asset
Construction:
Concrete, Wood Frame, Mixed
Building Type:
Low Rise (2-4 stories), Mixed Use, Street-Level Storefront
Name of Complex/Subdivision:
# Other Units:
Year built:
2016 (Age: 9)
Total Floor Area:
1,074 sq. ft.
Retail Size:
1,074 sq. ft.
Lot Area:
0 sq. ft.
Lot Depth:
0
Lot Frontage:
0'
Land Use/Zoning:
CD
Permitted Use:
Office, Retail
Taxes:
$7,637.95 / 2024
Air Conditioning, Handicap Access/Facil, Washrooms Female/Male
Water Supply:
Municipal
Roof:
Potential to Redevelop:
No
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
Tot Gross Sales:
Condo Fee:
Previous Price:
Original Price:
  • Photo 1: 488 GAMMA Avenue in Burnaby: Capitol Hill BN Office for sale in "Montage" (Burnaby North)  : MLS®# C8066613
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  • Photo 2: 488 GAMMA Avenue in Burnaby: Capitol Hill BN Office for sale in "Montage" (Burnaby North)  : MLS®# C8066613
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  • Photo 3: 488 GAMMA Avenue in Burnaby: Capitol Hill BN Office for sale in "Montage" (Burnaby North)  : MLS®# C8066613
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  • Photo 4: 488 GAMMA Avenue in Burnaby: Capitol Hill BN Office for sale in "Montage" (Burnaby North)  : MLS®# C8066613
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  • Photo 5: 488 GAMMA Avenue in Burnaby: Capitol Hill BN Office for sale in "Montage" (Burnaby North)  : MLS®# C8066613
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  • Photo 6: 488 GAMMA Avenue in Burnaby: Capitol Hill BN Office for sale in "Montage" (Burnaby North)  : MLS®# C8066613
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  • Photo 7: 488 GAMMA Avenue in Burnaby: Capitol Hill BN Office for sale in "Montage" (Burnaby North)  : MLS®# C8066613
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  • Photo 8: 488 GAMMA Avenue in Burnaby: Capitol Hill BN Office for sale in "Montage" (Burnaby North)  : MLS®# C8066613
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  • Photo 9: 488 GAMMA Avenue in Burnaby: Capitol Hill BN Office for sale in "Montage" (Burnaby North)  : MLS®# C8066613
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  • Photo 10: 488 GAMMA Avenue in Burnaby: Capitol Hill BN Office for sale in "Montage" (Burnaby North)  : MLS®# C8066613
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Listed by William Wright Commercial Real Estate Services
Data was last updated February 22, 2025 at 05:10 PM (UTC)
CHARLES ZHOU PERSONAL REAL ESTATE CORPORATION
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