7229 Kingsway 2 Retail Properties in Burnaby, BC

CBRE presents a rare opportunity to acquire a premier 1.04-acre redevelopment site at 7229 Kingsway in Burnaby’s rapidly evolving Edmonds Town Centre. Strategically positioned within the newly approved Edmonds Community Plan, this high-profile corner site is designated for High-Rise Apartment 2 use, allowing for mixed-use residential and commercial development up to 40+ storeys, with the potential for two towers pending City approval.
Currently improved with two fully leased buildings—McDonald’s and Me-n-Ed’s Pizza Parlor—the property offers stable holding income during the rezoning and development process. The site boasts nearly 200 feet of frontage along Kingsway, a major arterial corridor, and is surrounded by a vibrant mix of retail, dining, and community amenities. It is just a 13-minute walk to Edmonds SkyTrain Station and directly across from the future Hall Towers and Kingsway-Edmonds Plaza, a transformative 4.5-acre civic development featuring 1,400 rental units, commercial space, and a public plaza.
With its central location, transit accessibility, and designation within one of Burnaby’s highest-density nodes, 7229 Kingsway is ideally suited for developers seeking a landmark project in a thriving urban hub.