7671-7679 Edmonds St - Storefront Retail/Office FOR SALE


Burnaby, BC V3N 1B6
$4,380,000 CAD
604-644-8652
7671-7679 Edmonds St, Burnaby, BC for Sale
$4,380,000 CAD
Storefront Retail/Office - FOR SALE
1/15
null | Request Cap Rate

7671-7679 Edmonds St
Burnaby, BC V3N 1B6


HIGHLIGHTS

  • Attractive vendor financing available
  • Pliable short term tenancies in place allowing for vacant possession
  • Close proximity to numerous community amenities and major transit hubs
  • 4+ storey mixed-use redevelopment potential
  • Offered at $369/sf GBA akin to recent transactions in the Edmonds submarket

OVERVIEW

Well positioned end user and/or investment opportunity in Burnaby with latent value. Exciting opportunity to purchase a 11,867 square foot mixed-use retail building located near the intersection of Canada Way and Edmonds St in Burnaby’s Edmonds neighborhood. The property is in close proximity to Edmonds School Park and Community Centre in addition to transit hubs, restaurants and other community amenities. The property is currently improved with a 2 storey, concrete block building comprised of 13 units (3 CRUs and 10 second floor office units). The 10,012 square foot lot has an OCP designation allowing for a 4+ storey mixed-use residential development. There are 12 parking stalls at the rear with one point of ingress and egress in addition to streetside parking at the front. Attractive vendor financing available and vacant possession possible in 1 month. 1.5% broker coop incentive.

FOR SALE DETAILS

PRICE

$4,380,000 CAD

PRICE/SF

$369 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,012 SF

ZONING

C4

APN/PARCEL ID

000-579-157

ASK ABOUT THIS PROPERTY

Derek NystromMacdonald CommercialMore Info
604-644-8652

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Derek NystromMacdonald CommercialMore Info
604-644-8652

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