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$26,000,000

7229 Kingsway, Burnaby, BC V5E 1G5

MLS® C8072528

Description

CBRE Limited is pleased to offer an exclusive opportunity to purchase a 1. 04 acre redevelopment property located at 7229 Kingsway in Burnaby, BC (the "Property"), designated within the new Edmonds Town Centre Plan as "High-Rise Apartment 2" allowing building heights of 40 storeys. Potential for 2 towers on this site. Edmonds Town Centre is located just to the east of Metrotown, this exceptionally well-located development site currently has two free standing retail buildings which are fully leased to a top McDonald's Drive Through Restaurant and Me-n-Ed's Pizza Parlor. The Property is nestled in a high-traffic area with great exposure along Kingsway and immediate access to neighbourhood amenities, grocery stores, retail shops, cafes, restaurants and the Edmonds Skytrain Station.

Property

Property type

Land

Ownership

Freehold

Lot and parking

Lot size

45,302.4 sq ft

Costs

Annual property tax

$241,659

Tax year

2,024

Location

Area

Burnaby South

Neighbourhood

Highgate

Waterfront

No