Address
7255 Kingsway Burnaby, BC
Price
$ 4,100,000
Property Attributes
  • MLS#C8038994
  • TypeCommercial
  • CityBurnaby
  • AreaBurnaby South
  • Postal CodeV5E 1G5
  • StyleRetail
  • Price$ 4,100,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4600
  • Lot Size7307 Acres
Listing Provided Courtesy Of:
TRG Commercial Realty Ltd.
Data Source:
REAL ESTATE BOARD OF GREATER VANCOUVER
Property Description

Prime investment property with high-rise potential on Kingsway in the Edmonds area of Burnaby. The property is zoned high density mixed use allowing a base residential FAR of 3.4 plus commercial density up to 5 FAR based on Edmonds Official Community Plan . An additional 20% bonus density will be allowed for rental. The building is approximately 4,800 square feet with 6 existing tenants all on month to month leases. This is an ideal property for an investor looking to add value with the significant upside potential from the high density zoning. Alternatively, the property would be ideal for an owner user looking to purchase a stand alone building and benefit from future land appreciation. The property is next to the Kingsway and Edmonds intersection with both very high vehicular and pedestrian exposure. The Royal Bank and MacDonald's are on the same block as the subject property with Save On Foods and Highgate across the street.

General Features

Amenities Storefront, Visitor Parking, Washrooms Female/Male
City Burnaby
Region Greater Vancouver
Status ACTIVE
Street Name KINGSWAY
Subdivision Highgate
Transaction Type For Sale
Year Built 1978

Exterior Features

Lot Size Area 7307

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in V5E 1G5

Price
AVG $4.1M
$4.1M
Visits
AVG 12
11
Walkscore
AVG 77
77
Data Provided by Walkscore ® not using MLS data