High-Density Multifamily Investment in Burnaby | $5.48M Transaction

Property Overview

Located in Burnaby’s Royal Oak corridor, this multifamily rental building offered strong existing cash flow with future redevelopment potential. At the time of purchase, the property provided stable rental income, but shortly after the acquisition, the city increased the zoning density, making it an even more valuable long-term investment. This change allowed for higher-density residential development, significantly increasing the site’s potential.

Neighborhood Benefits

Burnaby’s Royal Oak neighborhood is known for its proximity to major transit routes, shopping centers, and employment hubs, making it a prime location for multifamily investments. The area benefits from ongoing development and increasing rental demand, driven by its easy access to Metrotown, public transit, and major highways. The property’s strategic location within a growing urban corridor further reinforced its long-term appreciation potential.

Client Relationship and Market Strategy

The client, Louis Silva, was a long-term investor looking to expand his multifamily portfolio. Understanding his investment criteria, Sam and his team conducted an extensive market search, leveraging their knowledge of Burnaby’s evolving zoning regulations and future development trends. By utilizing their network and off-market opportunities, they identified 6665 Royal Oak Avenue as an ideal investment that aligned with the client’s long-term goals.

Sam’s team took a proactive approach, conducting due diligence to ensure the property’s financials and development potential aligned with the client’s expectations. They worked closely with the client through every stage of the acquisition, providing in-depth market insights, financial analysis, and strategic guidance. Their ability to foresee the upcoming zoning change positioned the client for substantial future gains, making this a standout investment.

Market Insights

Burnaby’s Royal Oak corridor has continued to see significant development and rising property values, particularly for multifamily and mixed-use projects. The increasing demand for rental housing, combined with favorable zoning adjustments, has made this area a hotspot for investors looking for long-term appreciation and redevelopment potential. The success of this acquisition demonstrates how market expertise and strategic foresight can lead to exceptional investment returns.

Conclusion

The acquisition of 6665 Royal Oak Avenue is a testament to Sam Emam and his team’s ability to identify high-value investment opportunities and guide clients toward successful real estate decisions. By anticipating market shifts and zoning changes, they positioned their client for significant property appreciation and long-term financial success.

Testimonial