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$ 938,888
Est. payment | /mo
$ 938,888
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type Asset
MLS Listing ID C8083348
Year Built 1998
Property Sub-Type Retail
Property Description
Rare opportunity to acquire a high-visibility retail unit inside Burnaby's iconic Crystal Mall (1211-4500 Kingsway). Spanning 354 sq. ft., this prime commercial space is fully leased to AAA tenant Rogers Communications, delivering secure, hassle-free passive income from day one. Investment Highlights: Asking Price: $938,000 (~$2,650/sq. ft.) Current NOI: $48,000/year (5.12% Cap Rate) Built-in Income Growth: May 2026 – Apr 2027: $4,000/mo ($48,000/yr) May 2027 – Apr 2028: $4,100/mo ($49,200/yr) May 2028 – Apr 2029: $4,200/mo ($50,400/yr) Location & Foot Traffic: Situated in the heart of Metrotown with unmatched heavy pedestrian flow, directly accessible to transit, restaurants, and retail hubs. An ideal turn-key investment with scheduled rent escalations and a reliable corporate tenant in place. Contact us today for details!
Location
Province BC
Community Metrotown
Area Burnaby South
Zoning RM5
Others
Ownership Freehold
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