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7767 Edmonds ST Burnaby, BC V3N 1B9
0.41 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type Asset
MLS Listing ID C8080371
Year Built 1960
Annual Tax Amount $55,749
Tax Year 2025
Lot Size 0.414 Acres
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 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.
Location
Province BC
Community Burnaby Lake
Area Burnaby South
Zoning R5-C4
Exterior
Utilities Available Electricity Connected
Water Access Desc Public
Total Parking Spaces 24
Building
Story 2
Sewer Public Sewer
Water Public
Others
Ownership Freehold