Retail Space for Sale in Burnaby

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488 Gamma Avenue
Capitol Hill BN Burnaby V5C 0J7

$1,698,000
Commercial Sale

Main Photo: 488 Gamma Avenue in Burnaby: Capitol Hill BN Commercial Sale for sale in "Montage" (Burnaby North)  : MLS®# C8066613
Photo 1: 488 Gamma Avenue in Burnaby: Capitol Hill BN Commercial Sale for sale in "Montage" (Burnaby North)  : MLS®# C8066613
Photo 2: 488 Gamma Avenue in Burnaby: Capitol Hill BN Commercial Sale for sale in "Montage" (Burnaby North)  : MLS®# C8066613
Photo 3: 488 Gamma Avenue in Burnaby: Capitol Hill BN Commercial Sale for sale in "Montage" (Burnaby North)  : MLS®# C8066613
Photo 4: 488 Gamma Avenue in Burnaby: Capitol Hill BN Commercial Sale for sale in "Montage" (Burnaby North)  : MLS®# C8066613
Photo 5: 488 Gamma Avenue in Burnaby: Capitol Hill BN Commercial Sale for sale in "Montage" (Burnaby North)  : MLS®# C8066613
Photo 6: 488 Gamma Avenue in Burnaby: Capitol Hill BN Commercial Sale for sale in "Montage" (Burnaby North)  : MLS®# C8066613
Photo 7: 488 Gamma Avenue in Burnaby: Capitol Hill BN Commercial Sale for sale in "Montage" (Burnaby North)  : MLS®# C8066613
Photo 8: 488 Gamma Avenue in Burnaby: Capitol Hill BN Commercial Sale for sale in "Montage" (Burnaby North)  : MLS®# C8066613
Photo 9: 488 Gamma Avenue in Burnaby: Capitol Hill BN Commercial Sale for sale in "Montage" (Burnaby North)  : MLS®# C8066613
Photo 10: 488 Gamma Avenue in Burnaby: Capitol Hill BN Commercial Sale for sale in "Montage" (Burnaby North)  : MLS®# C8066613
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
C8066613
Build. Type:
Low Rise (2-4 storeys)
TURN-KEY DENTAL CLINIC in the highly sought-after Burnaby Heights neighbourhood! 488 Gamma Avenue presents 1,074 SF of streetfront retail at the base of the mixed-use "Montage" building, constructed in 2016. The property is currently tenanted until December 31, 2028 with potential to occupy earlier [ask agent for details]. For occupiers, this presents an opportunity to enjoy an income-producing asset until it is vacated, and for investors, there is tremendous upside to negotiate higher lease rates with a new dental clinic tenant. Burnaby Heights is a vibrant community with a mix of renowned restaurants, specialty shops, cafes, while also consistently welcoming new residents and businesses as the Hastings Corridor develops. Surrounded by schools, parks, and strong residential presence, businesses in the Heights are set-up for success.
Sale Type:
Asset
Property Type:
Commercial Sale
Commercial Type:
Retail
Construction:
Concrete, Frame Wood, Mixed
Name of Complex/Subdivision:
Montage
Building Type:
Low Rise (2-4 storeys), Mixed Use, Street-Level Storefront
Home Owners Association:
Yes
Year built:
2016 (Age: 9)
Living Area:
1,074 sq. ft.
Subject Property Depth:
0'
Subject Property Width:
0'
Retail Size:
1,074 sq. ft.
Title to Land:
Strata
Lot Area:
0 sq. ft.
Zoning:
Potential to Redevelop:
Yes
Fencing:
# Of Parking Spaces - Total:
Road Frontage:
Heating:
Cooling:
Air Conditioning
Electricity:
No
Parcel Number:
030127301
Taxes:
$7,637.95 / 2024
Washrooms Female/Male
No
Handicap Access/Facil
1.25%
No
Water Supply:
Public
Water Rights:
No
Roof:
Potential to Redevelop:
Yes
Cap Rate %:
Gross Income:
Oper. Expenses:
Association Fee:
$783.69
Other Income:
Effective Gross Income:
Net Operating Income:
Previous Price:
Original Price:
  • Photo 1: 488 Gamma Avenue in Burnaby: Capitol Hill BN Commercial Sale for sale in "Montage" (Burnaby North)  : MLS®# C8066613
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  • Photo 2: 488 Gamma Avenue in Burnaby: Capitol Hill BN Commercial Sale for sale in "Montage" (Burnaby North)  : MLS®# C8066613
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  • Photo 3: 488 Gamma Avenue in Burnaby: Capitol Hill BN Commercial Sale for sale in "Montage" (Burnaby North)  : MLS®# C8066613
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  • Photo 4: 488 Gamma Avenue in Burnaby: Capitol Hill BN Commercial Sale for sale in "Montage" (Burnaby North)  : MLS®# C8066613
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  • Photo 5: 488 Gamma Avenue in Burnaby: Capitol Hill BN Commercial Sale for sale in "Montage" (Burnaby North)  : MLS®# C8066613
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  • Photo 6: 488 Gamma Avenue in Burnaby: Capitol Hill BN Commercial Sale for sale in "Montage" (Burnaby North)  : MLS®# C8066613
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  • Photo 7: 488 Gamma Avenue in Burnaby: Capitol Hill BN Commercial Sale for sale in "Montage" (Burnaby North)  : MLS®# C8066613
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  • Photo 8: 488 Gamma Avenue in Burnaby: Capitol Hill BN Commercial Sale for sale in "Montage" (Burnaby North)  : MLS®# C8066613
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  • Photo 9: 488 Gamma Avenue in Burnaby: Capitol Hill BN Commercial Sale for sale in "Montage" (Burnaby North)  : MLS®# C8066613
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  • Photo 10: 488 Gamma Avenue in Burnaby: Capitol Hill BN Commercial Sale for sale in "Montage" (Burnaby North)  : MLS®# C8066613
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Listed by William Wright Commercial Real Estate Services
Data was last updated April 8, 2025 at 02:40 AM (UTC)