7-Unit Rental Investment Opportunity in Burnaby Heights | $2.2M Transaction

Property Overview

This 7-unit multifamily rental property was situated in Burnaby Heights, a highly sought-after neighborhood known for its strong rental demand and proximity to urban conveniences. The building featured a mix of spacious rental suites, providing stable income potential for investors. With its strategic location near local amenities and transit routes, the property was well-positioned for continued appreciation.

Neighborhood Benefits

Burnaby Heights is recognized as one of Burnaby’s most vibrant and well-connected neighborhoods, offering a mix of commercial and residential amenities that enhance tenant appeal. The property was within walking distance of popular bakeries, cafes, and restaurants, contributing to the area’s strong rental demand. Additionally, tenants benefited from proximity to Eileen Dailly Leisure Pool and Fitness Centre, Confederation Park, and Burnaby Public Library. With convenient transit options and easy access to downtown Vancouver, this location remained highly desirable for both renters and investors.

Client Relationship and Market Strategy

The seller, Maria & Luis Silva, was looking to sell the property while ensuring a smooth and efficient transaction. Understanding their objectives, Sam and his team developed a comprehensive market strategy to highlight the property’s investment potential.

The first step was preparing a complete due diligence package, ensuring all financials, tenancy details, and property reports were readily available for prospective buyers. To maximize exposure, the team launched a targeted marketing campaign that included direct outreach to qualified investors, paid digital advertising, and placement on top commercial real estate platforms.

Buyer engagement was a key priority, and Sam’s team carefully screened interested parties to ensure only serious investors moved forward. Property tours were scheduled strategically to accommodate potential buyers while minimizing disruption to existing tenants. Throughout the process, the team maintained clear communication with the seller, providing expert guidance on buyer negotiations. Their efforts led to a highly competitive bidding environment, securing a strong final offer that met the seller’s expectations.

Market Insights

Burnaby Heights continues to be a top-performing multifamily market, with low vacancy rates and increasing rental demand driven by its central location and vibrant community atmosphere. Investors remain highly interested in well-maintained rental properties in this area due to strong cash flow potential and long-term appreciation trends. The sale of 4058 Albert Street further reinforced the high demand for multifamily assets in Burnaby, even in shifting market conditions.

Conclusion

The successful sale of 4058 Albert Street highlights Sam Emam and his team’s expertise in marketing and negotiating multifamily real estate transactions. Their strategic marketing approach, proactive buyer engagement, and strong negotiation skills ensured a smooth and successful outcome for the seller while maximizing value in a competitive market.

Testimonial