Prime Investment Property at Kingsway and Edmonds

7255 Kingsway, Burnaby, BC
Recent Transactions
$ 4,200,000

SUMMARY

    • High Profile Property
    • PID: 002-634-074
    • Year built: 1978
    • Zoning: C3
    • Lot size: 7,307
    • Land assembly potential
    • Building area: 4,600 SF
    • Rear lane access
    • Huge revenue potential

Overview

This property is located next to the Kingsway and Edmonds intersection at one of the busiest corners in Burnaby providing very high foot and vehicular traffic.   The property is adjacent to the Royal Bank and MacDonald’s highlighting the strong retail street presence.  One block to the west is Highgate and Save on Foods.  To the east is the new Bosa development and the new Burnaby Public Library. The building is fully occupied with two retail tenants on the ground floor and four office tenants on the second floor.  The ground floor is approximately 2,600 square feet and the second floor is approximately 2,000 square feet.  All leases are month to month. The property is zoned high density mixed use allowing a based FAR of 3.4 for residential and 5.0 for commercial with a total base density of 8.4 FAR.
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