- For Sale $12,500,000
- Property Type Other
- Property Size 29,621 SF
- Units 44
- Date Updated Jun 30, 2026
Description
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.
Highlights
- Ancillary revenue streams from parking and laundry
- Desirable suite mix, predominantly one- and two-bedroom units
- Large site offering significant redevelopment potential (up to 20 storeys)
- Potential for property transfer tax savings
- Proximity to Highgate Village Shopping Centre
- Well-maintained building with a strong history of proactive management
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Contacts
Megan Low
Avison Young
Carey Buntain
Avison Young
Chris Wieser
Avison Young
Kevin Murray
Avison Young - Vancouver
Location
Located at 7050 Balmoral Street, Burnaby, BC, Burnaby, BC 515, this property is part of the Richmond Park neighborhood.
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