Casa Mia
7268 Balmoral Street

SOLD

Cushman & Wakefield ULC is proud to announce the successful sale of Casa Mia Apartments located at 7268 Balmoral Street in Burnaby BC. Casa Mia is a 56-suite rental apartment building, situated on an expansive rectangular 39,509 sf corner lot with 330 feet of frontage on Balmoral Street.

This 56 suite purpose-built rental building was originally constructed in 1967 and has been held by the same ownership family and professionally managed for over 40 years.

Investment Highlights

• CENTRAL, TRANSIT-ORIENTED BURNABY LOCATION
• PROFESSIONALLY MANAGED MULTIFAMILY INVESTMENT ASSET OF SCALE
• ATTRACTIVE SUITE MIX TOTALLING NEARLY 40,000 SF OF NET RENTABLE AREA
• CURRENT RENTS ARE APPROXIMATELY 40% BELOW MARKET POTENTIAL
• CONSISTENT BUILDING IMPROVEMENTS UNDERTAKEN BY CURRENT OWNERSHIP
• NEARLY AN ACRE CORNER LOT WITH 330’ OF STREET FRONTAGE WITH FUTURE REDEVELOPMENT POTENTIAL TO A HIGHER DENSITY