7763-7767 Edmonds St 0.59 Acres of Commercial Land Offered at $8,669,798 USD in Burnaby, BC V3N 1B9

An outstanding opportunity to acquire a high-profile mixed-use redevelopment site in one of Burnaby's evolving urban corridors. Located at 7763 & 7767 Edmonds Street, this rare land assembly presents significant potential for developers and investors seeking a strategic project in a well-connected, amenity-rich neighbourhood. The site has advanced through the development process with Second Reading for a proposed 6-storey mixed-use development featuring approximately 2.2 FAR and an estimated 59,335 sq. ft. of buildable area. The current proposal includes 61 residential units, featuring 12 townhomes, along with 3 ground-floor commercial units, creating an attractive mix of residential and commercial space. In addition to its exceptional redevelopment potential, the properties provide strong holding income. 7763 Edmonds Street currently generates approximately $11,800 per month ($141,600 annually) in gross rental income, while 7767 Edmonds Street generates approximately $15,141 per month ($181,692 annually), for a combined gross rental income of approximately $26,941 per month ($323,292 annually). Ideally situated along the Edmonds corridor with convenient access to transit, shopping, schools, parks, and major transportation routes, this is a rare opportunity to secure a premier development site with immediate income and outstanding long-term growth potential in one of Metro Vancouver's most desirable redevelopment locations.