7255 Kingsway Burnaby, British Columbia V5E 1G5

$4,100,000

Prime investment property with high-rise potential on Kingsway in the Edmonds area of Burnaby. The property is zoned high density mixed use allowing a base residential FAR of 3.4 plus commercial density up to 5 FAR based on Edmonds Official Community Plan . An additional 20% bonus density will be allowed for rental. The building is approximately 4,800 square feet with 6 existing tenants all on month to month leases. This is an ideal property for an investor looking to add value with the significant upside potential from the high density zoning. Alternatively, the property would be ideal for an owner user looking to purchase a stand alone building and benefit from future land appreciation. The property is next to the Kingsway and Edmonds intersection with both very high vehicular and pedestrian exposure. The Royal Bank and MacDonald's are on the same block as the subject property with Save On Foods and Highgate across the street. (id:39665)

Property Details

Building

Land

https://www.realtor.ca/real-estate/23366735/7255-kingsway-burnaby