7033 Hastings Street

Situated in the highly sought-after North Burnaby neighbourhood, 7033 Hastings Street is a well-maintained three-storey, wood-frame apartment building comprising 18 rental suites, including 17 one bedroom suites and one bachelor suite. Constructed in 1970, the Property features secured underground parking, dedicated storage lockers, and an approximately 500 square foot basement storage room that can be utilized to generate additional storage income. The Property enjoys a prominent location along Hastings Street with convenient access to public transit, Kensington Square Shopping Centre, Lou Moro Park, schools, restaurants, cafés, and major commuter routes. Ideally positioned between Brentwood Town Centre and Simon Fraser University, the Property benefits from consistently strong rental demand from professionals, students, families, and downsizers.Macdonald Commercial Real Estate Services Ltd. is pleased to present the exclusive opportunity to acquire 7033 Hastings Street, an 18- unit rental apartment building located in North Burnaby. Situated on a 14,425 sq. ft. site along the Hastings Street corridor, the Property represents an exceptional value-add investment opportunity, offering investors the ability to increase revenues through suite turnover, rental increases, and ancillary income initiatives within one of Metro Vancouver’s most established rental markets.