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$ 3,059,070
Est. payment /mo
Price Dropped by $305K
7763 EDMONDS STREET Burnaby, BC V3N1B9
8,000 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Strata
Listing Status Active
Purchase Type For Sale
MLS® Listing ID R3149066
Lot Size 8,000 Sqft
Acres 8000.0
Property Sub-Type Strata
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 $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:24570)
Location
Province BC
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Others
Ownership Strata
Listed by eXp Realty