Listed on: Jul 20, 2026
Last Updated: Jul 20, 2026
29 ft²Multifamily$12,500,000Sale
29 ft²
Multifamily
$12,500,000
Sale
Megan Low
Avison Young
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The Space
Asking Price$12,500,000
Available Space29 ft²
SourceSharpLaunch
The Building - Balmoral Apartments
The Avison Young Multi-Family Team is pleased to present an opportunity to acquire Balmoral Apartments, located at 7050 Balmoral Street, Burnaby, BC. This well-maintained rental apartment building consists of44-units and features numerous partially and fully renovated suites. The property offers an attractive going-in yield and a land use designation that supports the development of a20-storey residential tower, providing significant long term redevelopment potential and the opportunity to unlock substantial future value.
- Proximity to Highgate Village Shopping Centre
- Potential for property transfer tax savings
- Well-maintained building with a strong history of proactive management
- Desirable suite mix, predominantly one- and two-bedroom units
- Ancillary revenue streams from parking and laundry
- Large site offering significant redevelopment potential (up to 20 storeys)
Property TypeMultifamily
Building Size29 ft²
Up to $500K for British Columbia businesses
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