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6535 KINGSWAY
Highgate Burnaby V5E 1E1

$17,000,000
Land Commercial, Multi-Family Commercial

Main Photo: 6535 KINGSWAY in Burnaby: Highgate Land Commercial for sale (Burnaby South)  : MLS®# C8060166
Status:
Active
Prop. Type:
Land Commercial, Multi-Family Commercial
MLS® Num:
C8060166
A unique multi-family development opportunity on a 35 , 850 sq . ft. site offering value-add potential, with 300 feet of frontage along Kingsway in Burnaby, B.C. The Site is currently improved by an A&W drive-through restaurant, expiring August 2025 . The Property is strategical ly located along Kingsway, a major thoroughfare that runs diagonally from northwest to southeast and crosses through Vancouver and Burnaby. Contact Listing Agent for development potential - - Property is designated Mid-Rise Apartment 1 in the updated Edmonds Town Centre Community Plan. Opportunity to acquire the shares of the bare trust corporation (holding title) .
Sale Type:
Asset
Sublease:
No
Name of Complex/Subdivision:
# Other Units:
Lot Area:
35,850 sq. ft.
Land Use/Zoning:
C-7
Permitted Use:
Mixed Use, Retail
Taxes:
$0 / 2023
Roof:
Potential to Redevelop:
Yes
Env Assmt Phase:
Yes
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
Tot Gross Sales:
Condo Fee:
Previous Price:
Original Price:
  • Photo 1: 6535 KINGSWAY in Burnaby: Highgate Land Commercial for sale (Burnaby South)  : MLS®# C8060166
    Photo 1 of 1
Listed by CBRE Limited
Data was last updated July 14, 2024 at 01:10 AM (UTC)
Bruce Long CCIM, FRI, PREC
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