10
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Listed by eXp Realty
$3,365,000
Est. payment /mo
8,000 Sqft Lot
New
7763 Edmonds ST Burnaby, BC V3N 1B9
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Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID R3149066
HOA Y/N Yes
Annual Tax Amount $29,328
Lot Size 8,000 Sqft
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 unit
Location
Province BC
Community Burnaby Lake
Area Burnaby South
Zoning C4
Exterior
Community Features Near Shopping
Utilities Available Sanitary Sewer Available, Storm Sewer Nearby, Electricity Available, Natural Gas Nearby, Phone Nearby, Cable Available
View Y/N No
Exposure South
Garage No
Building
Lot Description Central Location, Recreation Nearby
Water Public
Locker No
Others
Ownership Freehold Strata
NEARBY SCHOOL & BUSINESS
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