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Colliers is pleased to attach details regarding this extremely well located Apartment Building (holding property) with redevelopment potential. The property is located just steps from the Patterson SkyTrain Station in the best part of Metrotown in Burnaby, BC. Constructed circa 1969, this 3-storey, wood frame apartment building has 47 suites (3 studio, 37 one bedroom and 7 two bedroom with two bath). The building has been maintained by the owner and is considered to be in fair condition. The Property is located south of Kingsway on the east side of Olive Avenue between Patterson and Willingdon Avenues. Olive Avenue is a local street providing direct access to the Patterson Skytrain Station which is located less than 700 feet from the Property. It is just steps from the Patterson Skytrain Station, Central Park and a short walk to Metropolis at Metrotown Centre and all of its amenities.
Colliers International is Canada’s largest commercial real estate services company, providing a full range of services to real estate occupiers, developers and investors. Services include brokerage, real estate management, valuation, consulting, project management, project marketing and research. Through a culture of service excellence and a shared sense of initiative, Colliers Canada and our more than 1,400 professionals integrate the resources of real estate specialists across Canada to accelerate the success of our clients. In 2013 alone, Colliers Canada concluded more than 4,600 sale and lease transactions on behalf of investors and occupiers totaling some $7.8 billion across Canada. Colliers also completed more than 1,400 property valuations in 2013 and currently manages 46.4 million square feet of space.