Sussex Court is located on the north-east corner of Sussex Avenue and Imperial Street in Burnaby’s popular Metrotown's neighbourhood. Situated on a bus line, only one block to the Metrotown Mall and Skytrain Station.
The entire building underwent an extensive renovation in 2007 at a cost of $560,000:
•Torch-on roof
•Low-E double glazed windows
•Stucco exterior painted
•Carpets replaced in hallway
•New ceramic tiles in lower level hallway
•New laundry room, storage lockers and mailboxes
•Hot and cold water pipes replaced
•New sump pump & drain tiles replaced
•2 new hot water tanks
•New blacktop parking lot
Interior suite renovations include:
•Interior plumbing replaced
•New electrical breakers
•New venetian blinds
•Kitchens: New fridges, stoves, exhaust fans, cabinets, sinks, countertops
•Bathrooms: New tubs, toilets, vanities, floor-to-ceiling tile
•In suite heat controls
•Polished hardwood floors
Financing
Approximately $1,000,000 with VanCity at an interest rate of 4.75% due July 2014. Seller will clear title.
Income and Expenses
Operating Expenses
(45,044)
Net Operating Income
$114,762
Notes
Income annualized as of January 2012. For a current rent roll and expense statement,
click here.
Reduced
