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Résumé analytique

Prime mixed use development opportunity at 7763 and 7767 Edmonds Street, Burnaby. Both properties must be purchased together and are offered at a combined asking price of $11,999,000. The property has received 2nd Reading from the City of Burnaby for a proposed 6 storey mixed use development with an approximate 2.2 FAR and a buildable area of 59,335 sq. ft. The current proposal includes 61 residential units, including 12 townhomes, plus 3 commercial units. Existing rental income from four tenants totals approximately $26,941 per month, with an annual gross rental income of approximately $323,292. The City has also indicated that a new application may be submitted to explore an expanded 6 storey development at the rear of the site, potentially increasing the project to approximately 75 units. Buyers should verify all development potential with the City of Burnaby as part of their own due diligence. Do not disturb or approach the tenants. Contact the listing Realtor for the complete marketing package.

Informations sur l’immeuble

Prix 7 464 617 €
Type de vente Investissement
Nb de lots 1
Type de bien Terrain
Sous-type de bien Terrain commercial
Surface totale du lot 0,24 ha
Zonage R5-C4, - Exceptional redevelopment opportunity featuring R5-C4 and C4 zoning, offering a unique combination of residential and service commercial potential.

1 Lot disponible

Lot

Prix 7 464 617 €
Prix par ha 31 263 507,60 €
Surface du lot 0,24 ha

Description

An outstanding opportunity to acquire a high-profile mixed-use redevelopment site in one of Burnaby's evolving urban corridors. Located at 7763 & 7767 Edmonds Street, this rare land assembly presents significant potential for developers and investors seeking a strategic project in a well-connected, amenity-rich neighbourhood. The site has advanced through the development process with Second Reading for a proposed 6-storey mixed-use development featuring approximately 2.2 FAR and an estimated 59,335 sq. ft. of buildable area. The current proposal includes 61 residential units, featuring 12 townhomes, along with 3 ground-floor commercial units, creating an attractive mix of residential and commercial space. In addition to its exceptional redevelopment potential, the properties provide strong holding income. 7763 Edmonds Street currently generates approximately $11,800 per month ($141,600 annually) in gross rental income, while 7767 Edmonds Street generates approximately $15,141 per month ($181,692 annually), for a combined gross rental income of approximately $26,941 per month ($323,292 annually). Ideally situated along the Edmonds corridor with convenient access to transit, shopping, schools, parks, and major transportation routes, this is a rare opportunity to secure a premier development site with immediate income and outstanding long-term growth potential in one of Metro Vancouver's most desirable redevelopment locations.

Moyennement praticable à pied
70/100
Moyennement adapté aux voitures
70/100
Bons transports en commun
70/100
Moyennement praticable en vélo
60/100
  • ID de l’annonce: 41337672

  • Date de mise sur le marché: 17/07/2026

  • Dernière mise à jour:

  • Adresse: 7763-7767 Edmonds St, Burnaby, BC V3N 1B9

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