7763 EDMONDS STREET, Burnaby

About This Property

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 unit (id:65271)

Full Listing Specifications

MLS® Number

R3149066

Property Type

Land

Bedrooms

0

Bathrooms

0

Lot Size

8,000 sqft

Annual Taxes

$29,329

City

Burnaby

Postal Code

V3N1B9

Neighbourhood Insight