7735 Kingsway

Burnaby, BC, V3N 3C9
MLS® #: C8024623
Les Twarog, RE/MAX Crest Realty (South Granville)

$2,000,000

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Business Type: Industrial

Date Listed: Fri, Mar 29, 2019

Property Tax: N/A

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7735 Kingsway

Burnaby, BC, V3N 3C9

$2,000,000

5179 sqft|Industrial
MLS® #: C8024623
Les Twarog, RE/MAX Crest Realty (South Granville)

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Property Description

7707-7735 Kingsway (2 lots for sale totalling 17,245 sf – 2 Separate Listings - These losts are part of a land assembly of 64,448 sf) 144 feet of frontage on Kingsway (over 40,000 passing vehicles per day), There are some street widening setbacks/easements by the city that need to be confirmed, this location benefits from proximity to an array of amenities close by from residential, retail & Metro town a major shopping centre. Both properties are currently leased for $8581/month until 2020 – Seller pays taxes. The subject property is zoned C4 which allows for its current use as an automobile showroom and Auto repair facility. Under the OCP the City of Burnaby has a FSR1 - with a bonus of .1 – the property can be re-zoned for TH’s – 3 lots out of the nine that are being assembled are owned by the city, they will sell at market value as soon as the rest of the 6 owners agree to sell – Also see C8024621 for 7707 Kingsway

Details

Property Type: Commercial
Property Tax: N/A
Fees: N/A
Last Updated: Tue, May 21, 2019

Key Facts

MLS® #: C8024623
Style: Industrial
Ownership-Type: N/A
Year Built: N/A
sqft: 5179 SQFT
Date Listed: Mar 29, 2019
Lot Size: N/A
Occupancy: N/A
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RE/MAX Crest Realty (South Granville)

Vancouver, BC

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(604) 671-7000

PH: (604) 671-7000
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Introduction to Investing in Commercial Real Estate

[vc_row][vc_column][vc_column_text]RE/MAX recently released its 2017 Commercial Investor Report, highlighting trends and market activity in several key markets. Following up on the report, we have compiled some introductory tips from some of our brokers and agents for investing in commercial real…

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The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.