About 7763 Edmonds Street
Prime mixed use development opportunity at 7763 and 7767 Edmonds Street, Burnaby. Both properties must be purchased together and are offered at a combined asking price of $9,999,000. The property has received 2nd Reading from the City of Burnaby for a proposed 6 storey mixed use development with an approximate 2.2 FAR and a buildable area of 59,335 sq. ft. The current proposal includes 61 residential units, including 12 townhomes, plus 3 commercial units. Existing rental income from four tenants totals approximately $26,941 per month, with an annual gross rental income of approximately $323,292. The City has also indicated that a new application may be submitted to explore an expanded 6 storey development at the rear of the site, potentially increasing the project to approximately 75 unit
Features of 7763 Edmonds Street
| MLS® # | R3149066 |
|---|---|
| Price | $3,365,000 |
| Acres | 0.18 |
| Type | Land |
| Status | Active |
| Title To Land | Freehold Strata |
Community Information
| Address | 7763 Edmonds Street |
|---|---|
| Area | Burnaby South |
| Subdivision | Burnaby Lake |
| City | Burnaby |
| Province | BC |
| Postal Code | V3N 1B9 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Fireplace | No |
|---|
Exterior
| Lot Description | Central Location, Recreation Nearby |
|---|
Additional Information
| Days on Website | 49 |
|---|---|
| Site influences | Central Location, Recreation Nearby |
| Taxes | $29,328.52 |
| Area | 8,000.00 Sq. Ft. |
Listing Details
| Office | eXp Realty |
|---|