7229 Kingsway 2 Retail Properties in Burnaby, BC

CBRE Limited is pleased to offer an exclusive opportunity to purchase a 1.04 acre redevelopment site with stable holding income located at 7229 Kingsway. Burnaby, BC (the “Subject Site”), designated within the Edmonds Community Plan as the Town Centre node under the City of Burnaby’s updated and recently approved Official Community Plan, which features some of the highest densities and tallest building forms in Edmonds and serves as the community’s main civic, cultural and commercial mixed-use hub. Suitable for mixed-use residential and commercial development projects with building heights up to 40+ storeys with potential for two towers on-site, subject to City approval.
This this exceptionally well-located Site has two existing buildings, currently fully leased to McDonald’s and Me-n-Ed’s Pizza Parlor, providing stable holding income during rezoning process.
Located in the neighbourhood of Edmonds, just east of Metrotown, Nestled in a high-traffic area with great exposure along Kingsway and immediate access to hundreds of neighbourhood amenities, grocery stores, retail shops, cafés and restaurants. Situated along a major transit corridor, with only a 13-minute walk to the Edmonds Station (Expo Line). Edmond’s Community Plan envisions a future community plaza directly across the street from the Subject Site, enhancing its appeal to both developers and future residents alike.