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2849 North Rd 10,882 SF 100% Leased Retail Building Burnaby, BC V3J 1G1 $4,910,547 USD ($451.25 USD/SF)

Investment Highlights
- Ample on-site parking and convenient access to major highways and arterial routes
- Located within a designated Transit-Oriented Development Area, offering strong redevelopment potential
- Prime location along North Road with excellent visibility and high traffic counts
- Established commercial and residential neighborhood with strong demographics
- Situated near Lougheed Mall and Burquitlam SkyTrain station for superior transit access
Executive Summary
his prime investment property at 2849 North Road offers a rare opportunity to acquire a well-positioned commercial asset in one of Burnaby’s most dynamic corridors. Located within an established commercial and residential neighborhood, the property benefits from exceptional exposure along North Road, a major arterial route connecting Burnaby, Coquitlam, and New Westminster. The site is strategically situated near Lougheed Mall and the new Burquitlam SkyTrain station, ensuring strong connectivity and high traffic volumes.
The property features a two-story commercial building with a total building area of 10,882 square feet on a generous 17,032-square-foot lot. Zoned C-1 Commercial, the site supports a variety of retail and office uses, making it an attractive option for investors seeking stable income and long-term redevelopment potential. This asset offers excellent on-site parking and convenient access to major transportation routes, including Lougheed Highway and Highway 1. Its location within a thriving growth node, combined with Burnaby’s strong economic fundamentals and ongoing infrastructure investments, positions this property as a compelling acquisition for investors focused on both current income and future upside
The property features a two-story commercial building with a total building area of 10,882 square feet on a generous 17,032-square-foot lot. Zoned C-1 Commercial, the site supports a variety of retail and office uses, making it an attractive option for investors seeking stable income and long-term redevelopment potential. This asset offers excellent on-site parking and convenient access to major transportation routes, including Lougheed Highway and Highway 1. Its location within a thriving growth node, combined with Burnaby’s strong economic fundamentals and ongoing infrastructure investments, positions this property as a compelling acquisition for investors focused on both current income and future upside
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
10,882 SF
Building Class
C
Year Built
1976
Price
$4,910,547 USD
Price Per SF
$451.25 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.64
Lot Size
0.39 AC
Zoning
C1 - Commercial
Parking
33 Spaces (3.03 Spaces per 1,000 SF Leased)
Walk Score®
Very Walkable (87)
Transit Score®
Excellent Transit (70)
Nearby Major Retailers
TD Canada Trust
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2849 North Rd
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