$2,995,000
1570 SPERLING AVENUE
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Beds
9
Baths
6
Sqft
—
Year
1966
Type
Multi-family
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Burnaby. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Sperling 5 - A rare opportunity to own a high performing multifamily asset in N Burnaby. Why you´ll want to invest here: 1. Income generating 5 suite property with 2025 NOI of $118k and clear upside through rent optimization, plus external storage lockers for added revenue. 2. Significant capital improvements, reducing near-term costs and improving long-term stability. 3. 9 bedrooms and 6 bathrooms on a 9,040 sqft lot with strong rental appeal across multiple tenant profiles, plus 5 parking stalls with lane access. 4. Prime N Burnaby location near transit, schools, shopping, parks, tennis, pickleball, and golf. 5. Future development potential adds long-term upside. Don´t miss this turnkey asset in N Burnaby, featuring strong income, significant upgrades, and long-term growth potential. (id:65958)
- Subtype
- Multi-family
- Structure
- Duplex
- Common interest
- Freehold
- Living area
- 4,347 square feet
- Lot size
- 9,040 square feet
- Lot dimensions
- 9040
- Parking
- 5 total
- On market
- Apr 28, 2026
- Status changed
- Apr 29, 2026
- Annual tax
- $7,902.83 (2025)
- Photos
- 40
- MLS#
- R3116592
- Area
- BURNABY
Features and systems
Lot
Cash on cash
-6.23%
Cap rate
3.62%
GRM
16.7
Break-even rent
$18,249
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Burnaby. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 29, 2026.