7763 EDMONDS STREET
Burnaby, British Columbia
MLS® C8080370
$3,365,000
- Status
- Active
- Property type
- Vacant land
- MLS® number
- C8080370
- Bedrooms
- —
- Bathrooms
- —
- Year built
- 1964
1 / 11Listing 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.
Property summary
- MLS® number
- C8080370
- Property type
- Vacant Land
- Square footage
- 8,000 sq ft
- Land size
- 7948 square feet
- Built in
- 1964
- Annual property taxes
- $29,328.52
- Days on market
- 31 days
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of eXp Realty, Vancouver.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.