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 unit
Address
7763 Edmonds Street
List Price
$3,365,000
Property Type
Land
Structure Type
Land Only
Transaction Type
Sale
Area
Burnaby South
Sub-Area
Burnaby Lake
Lot Size
8000 Sq. Ft.
Lot Size (Acres)
0.18 Ac.
Lot Features
Central Location, Recreation Nearby
Lot Size Units
Square Feet
MLS® Number
R3149066
Listing Brokerage
eXp Realty
Postal Code
V3N 1B9
Zoning
C4
Ownership
Freehold Strata
Tax Amount
$29,328.52
Tax Year
2025
Site Influences
Central Location, Near Shopping, Recreation Nearby
Community Features
Near Shopping
Association
Yes
Board Or Association
Greater Vancouver
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