GEC Burnaby Heights 438 Gamma Ave

CBRE Limited's International Markets Team is pleased to offer for sale 438 Gamma Avenue, Burnaby, BC (the "Property"), a fully-furnished, 30-suite student-living rental building located nearby Simon Fraser University (SFU) in the Burnaby Heights neighbourhood of Metro Vancouver. With a residential net leasable area of 21,001 sq.ft, the offering is available for purchase as 30 separately-titled strata condominiums allowing for flexibility in future dispositions. The Property is currently professionally managed by Global Educations Cities (GEC) and is fully leased on fixed-term leases allowing for the owner to efficiently turnover suites and mark-to-market rental revenue. The Property's proximity to multiple educational institutes, its central location and convenient access to the R5 Hastings Rapid Bus (traveling between downtown Vancouver and Simon Fraser University), and the abundant amenity and services along Hastings Street, makes 438 Gamma Avenue an attractive residence for the increasing number of international students and demand for off-campus student accommodations. Although not directly on Burnaby Mountain, the Property is well-positioned along Hastings Street with direct access by bus rapid transit (R5 line) to both SFU's Downtown Vancouver campus (30 minutes) and SFU's Burnaby Mountain campus (20 minutes). It is also an ideal turnkey option for corporate-stays, internships, and new residents to the Vancouver-area that are looking for summer or month-to-month accommodations.