30-Unit Multifamily Property in Burnaby | $5.7M Multifamily Transaction
Successful Sale of 30-Unit Multifamily Property in Burnaby
Case Study: Strategic Marketing Leads to Competitive Sale
On April 14, 2015, Sam Emam and his team successfully facilitated the sale of Villa Roma, a well-maintained 30-unit multifamily rental building located at 5220 Capitol Drive, Burnaby, BC. After nearly 40 years of ownership, the sellers wanted to transition out of day-to-day management and capitalize on their long-term investment. Through a tailored marketing strategy and a competitive negotiation process, the property was sold for $5,700,000, exceeding the client’s expectations.
Transaction Details
- Property Name: Villa Roma
- Location: 5220 Capitol Drive, Burnaby, BC
- Sale Price: $5,700,000
- Sale Date: April 14, 2015
- Number of Units: 30
- Building Type: Three-storey wood-frame apartment
- Lot Size: 19,240 sq. ft.
- Zoning: RM-3
Property Overview
Villa Roma is a well-maintained three-storey rental apartment building featuring 30 spacious units, an elevator, secure underground parking, and on-site laundry facilities. Many units had been renovated over the years, with upgrades including new plumbing lines and a roof replacement in 2008. At the time of sale, rents were approximately 12% below market value, offering strong revenue growth potential for the new owners.
Neighborhood Benefits
Located in Burnaby’s Capitol Hill neighborhood, Villa Roma offers scenic views, excellent transit connectivity, and access to key amenities. The property is close to Hastings Street and the Trans-Canada Highway, providing quick access to downtown Vancouver and other parts of Metro Vancouver. Nearby amenities include Simon Fraser University, parks, shopping centers, and public schools, making it a desirable rental location.
Client Relationship and Market Strategy
After four decades of ownership, the sellers were looking to retire from active property management. They chose Sam and his team due to their local expertise, global reach, and personalized approach to marketing. Within two weeks of securing the mandate, a comprehensive due diligence package was prepared, including a Phase 1 environmental report, financial records, and recent capital expenditure details.
A strategic marketing campaign was launched to maximize exposure and attract qualified buyers, including direct outreach, private tours, and targeted advertising. Fourteen groups toured the property, and multiple offers were received. After a competitive negotiation process, a local prominent real estate family successfully acquired the building under favorable terms.
Market Insights
Burnaby continues to be a high-demand market for multifamily investments, with limited rental supply and strong tenant demand. Properties like Villa Roma, offering stable income and redevelopment potential, remain highly attractive to investors. The strong interest in this property reflects the resilience of Burnaby’s rental market and the increasing demand for well-located multifamily assets.
Conclusion
The sale of Villa Roma highlights Sam and his team’s ability to navigate complex transactions, maximize value, and deliver seamless results for property owners. Through strategic marketing, expert negotiation, and deep market knowledge, Sam helped his clients transition smoothly from ownership while securing the best possible price and terms.
Testimonial
"Our family made the decision to sell our 30-unit apartment building, Villa Roma, after keeping it for nearly 40 years. Many agents from large national firms approached us, but we picked Sam Emam and his team because of their local knowledge, global reach, patience, and understanding. Since we held the building for 40 years, day-to-day management became a challenge. Sam worked extremely hard to market our property and got us a great price. Our challenges were solved, and we’re now able to move on to the next phase of our business. We highly recommend Sam Emam and his team to sell your multifamily apartment building."
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