6540 & 6592 Telford Avenue 2 Multifamily Properties in Burnaby, BC

Cushman & Wakefield presents a rare opportunity to acquire or partner in the redevelopment of 6540 & 6592 Telford Avenue, a prime transit-oriented site in the heart of Burnaby’s Metrotown district. Comprising 43,800 square feet across two legal lots, the property is currently improved with 53 multifamily rental suites generating a stable net operating income of $685,363, offering a valuable holding yield during the entitlement and pre-development phases. Strategically located just 170 meters from the Metrotown SkyTrain Station and adjacent to Metropolis at Metrotown, the site benefits from exceptional connectivity and urban vibrancy. The City of Burnaby’s evolving land use policy supports a proposed density of 425,000 square feet across two towers, with flexible permissions for residential, hotel, retail, and office uses. The draft Official Community Plan designates the site for High-Rise Apartment 1, allowing up to 30 storeys of predominantly residential development.
This offering is ideally positioned to capitalize on Burnaby’s pro-development stance, strong demographic fundamentals, and the area’s ongoing transformation into a high-density, mixed-use urban hub. With no formal asking price, interested parties are invited to engage directly with the listing team for pricing guidance and access to the data room upon NDA execution.