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 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.
Commercial real estate opportunities in Burnaby include a variety of asset classes. Each category carries different considerations related to income, zoning, tenant structure, and long-term investment potential.
Burnaby offers retail, multi-family, industrial, and mixed-use commercial real estate opportunities depending on zoning and market demand.
Burnaby continues to attract investors due to its economic activity, infrastructure, and long-term growth potential.
Yes. Many commercial properties in Burnaby are suitable for owner-operators depending on permitted use and financing.
Yes. We assist buyers and sellers with acquisitions, dispositions, and negotiations for commercial real estate in Burnaby.
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