GEC Burnaby Heights
For Sale
FOR SALE
Property Overview
- Property Address Lots 5 - 34, 438 Gamma Avenue, Burnaby BC
- Year Built 2016
- Zoning CD
- Environmental No further investigation required
- Ownership Status Held in bare trust (opportunity for property tax savings)
- Pricing Guidance Please contact listing agents for details
Opportunity
Avison Young is pleased to present a unique opportunity to acquire 30 strata-titled condo quality units in Burnaby Heights. The Property was built in 2016 as a condo project and was acquired by GEC to operate as student housing. The Property has been very well-maintained and managed with in-suite housekeeping every 10 days and 24-hour on-site property management. Whether you’re looking to expand your real estate portfolio or seize an asset with unique operational efficiencies and creativity, this property delivers unmatched potential and versatility.
Flexible Investment Strategies
GEC student housing management program: GEC will manage the student housing program on behalf of the new owner leveraging their proven global platform to achieve advantageous occupancy and rates
Student Housing: Operate 100 beds as a student housing provider targeting colleges and universities in proximity
Partial Vacant Possession: GEC will manage all student housing units on the possession date. As units vacate periodically, the units will be transferred to the new owners management for leasing
Vacant Possession: GEC will deliver the Property vacant of all tenants and agreements on the possession date. Ultimate lease-up and flexibility
