7763 Edmonds Street, Burnaby, British Columbia

About 7763 Edmonds Street

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 units. Buyers should verify all development potential with the City of Burnaby as part of their own due diligence. Do not disturb or approach the tenants. Contact the listing Realtor for the complete marketing package. (id:6289)

More Info on this MLS® listing

7763 Edmonds Street is a listing for sale in Burnaby. The MLS® number is C8080370. It was built in 1964 and covers 8,000 square feet. It's currently listed for $3,059,070. For more details on MLS® C8080370, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This listing in Burnaby is available now!

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