Avison Young is pleased to offer for sale a rare opportunity to purchase a 100% leased rental apartment building in the Edmonds neighbourhood of Burnaby. This supply constrained market suffers from a lack of rental housing options that has driven vacancy rates to sub 1% levels. San Juan Apartments is currently operating with twenty (20) rental apartment units and also has a unique opportunity to potentially add an additional two (2) units by demising and converting the first level storage area. Through tenant turnover, the property has the opportunity to modernize units for an increase in potential revenue and yield growth.
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3721 Delbrook Ave, North Vancouver,