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SOLD

Ridge Crest Manor

7165 Pandora Street, Burnaby
14 suites
5 minutes to SFU

$4,295,000


Summary

Price
$4,295,000
Units
14
Stories
3
Net Rentable Area
10,420 SF
Price/Unit
$306,786
Year Built
1964
Lot Size
14,201 SF
Zoning
RM-2
PID
008-945-381
Legal Description
Lot 184 DL 216 Group 1 NWD Plan 27004
Tax
19,455
Cap Rate
2.5%
GIM
26

Legal Description

Ridge Crest Manor is a three-storey 14-suite rental apartment building located in Burnaby’s Westridge neighbourhood. Built in 1964 of wood construction, the property is improved on a 14,201 irregular shaped corner lot comprised of 3 two-bedrooms and 11 one-bedroom suites.

Each unit (except one) has its own separate exterior entrance and feature hardwood floors. There a 13 surface parking stalls, laundry facilities and 12 storage lockers on the main floor. Some capital upgrades include a new awning (2018), roof (2013), and boiler (2006). Some of the units have nice views. The building is in need of re-plumbing.

Ridge Crest Manor is located in Burnaby’s Westridge neighbourhood on the north side of Pandora Street just east of Inlet Drive. The community has a number of small parks scattered around the neighbourhood. To the east is Burnaby Mountain Conservation Area with its forested slopes, hiking trails, and Centennial Park, as well as the Burnaby Mountain Golf Course.

The Trans-Canada Trail runs along the north side of Hastings and continues toward picturesque Burrard Inlet. The small Westridge Park west of Inlet Drive has a children’s playground and some tennis courts. Nearby is Simon Fraser University and Barnet Marine Park, with its beach and wonderful views of Burrard Inlet and Indian Arm. Only 5 minutes to Kensington Square Shopping Centre and Burnaby North Secondary School. Public transit is available a few minutes’ walk on Hastings Street.

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