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 $9,999,000. 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:58426)
| MLS® Number | R3149067 |
| Property Type | Vacant Land |
| Acreage | No |
| Size Irregular | 8820 |
| Size Total | 8820 Sqft |
| Size Total Text | 8820 Sqft |
https://www.realtor.ca/real-estate/30067557/7767-edmonds-street-burnaby
Contact us for more information
Helen Vallee
(833) 817-6506
(833) 817-6506
exprealty.ca/
Eric Vallee
Personal Real Estate Corporation
(833) 817-6506
(833) 817-6506
exprealty.ca/
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