Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

Approx. Sqft 8000

Square Footage 8,000 sqft

Price per Sqft $420

MLS® Listing ID C8080370

Year Built 1964

Lot Size 7,948 Sqft

Acres 7948.0

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 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. (id:24570)

Location

Province BC

Rooms

Kitchen 0.0

Exterior

Parking Features No

View Y/N No

Attached Garage No

Garage No

Private Pool No

Listed by eXp Realty

7763 EDMONDS STREET Burnaby, BC V3N1B9

HOW MUCH WOULD YOU LIKE TO OFFER FOR THIS PROPERTY?

Nader Bakhoum,PMP, P.Eng.

Key Details

Location

Rooms

Exterior

Go tour this home

7763 EDMONDS STREET