7229 Kingsway 1.04 Acres of Commercial Land Offered at $18,785,177 USD in Burnaby, BC V5E 1G5

7229 Kingsway presents a rare opportunity to acquire a 1.04-acre redevelopment site in the heart of Burnaby’s Edmonds neighborhood. The property is designated within the approved Edmonds Community Plan as part of the Town Centre node, allowing for some of the highest densities and tallest building forms in the area. With zoning that supports mixed-use residential and commercial development, the site offers potential for two towers up to 40+ storeys, subject to City approval.
Currently fully leased to McDonald’s and Me-n-Ed’s Pizza Parlor, the property provides stable holding income during the rezoning process. Its location along Kingsway ensures exceptional visibility and access to a wide range of amenities, including grocery stores, retail shops, and restaurants. The site is only a 13-minute walk to Edmonds SkyTrain Station (Expo Line), enhancing connectivity to Metro Vancouver.
Future development across the street, including Hall Towers and Kingsway-Edmonds Plaza, will further elevate the area with new residential towers, public plazas, and green spaces. This property offers developers and investors a unique chance to capitalize on Burnaby’s growth trajectory and the city’s commitment to high-density, transit-oriented development.