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Description

ATTENTION DEVELOPERS AND INVESTORS! Opportunity to purchase a 18,000 SF development site within Burnaby’s SIXTH STREET COMMUNITY PLAN. Full drawings are complete and application is in process with the City of Burnaby. Currently at public hearing stage. Application consists of a Mixed use 6 storey building with commercial on the ground floor (7,500 SF / 4 UNITS) and 5 levels with a combination of residential market sale and rental (48,525 SF / 57 UNITS), for a total of 56,000 SF of Buildable. Great location as one of Burnaby's rapidly surging neighbourhoods. Currently generating $123,000+ in gross rental income per annum. Full information package available. Property to be sold in conjuction 7639 6th Street and 7873 14th Avenue.

Taxes (2020): $4,720.71