7763 Edmonds St, Burnaby, BC V3N 1B9
- $3,365,000
- List Price
- $3,365,000
- Status
- ACTIVE
- MLS® #
- R3149066
- Area
- Burnaby South
- Community
- Burnaby Lake
Property Description
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 $10,999,000. 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 unit
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Additional Information
- Lot Size
- 8,000
- Amenities
- Near Shopping
- Site Influences
- Central Location, Recreation Nearby
- Acres
- 0.18
- Region
- Burnaby South
- Title To Land
- Freehold Strata
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NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.