Investment Property
For Sale
  • Multifamily
  • 6622 & 6688 Willingdon Avenue

    6688 Willingdon Avenue, Burnaby, BC V5H 2V8 Canada
    Investment Property
    For Sale
  • Multifamily
  • 6622 & 6688 Willingdon Avenue

    6688 Willingdon Avenue, Burnaby, BC V5H 2V8 Canada
    Building Size
    278,894 SF
    Available Space
    278,894 SF
    Lot Size
    52,280 SF
    Building Size
    278,894 SF
    Available Space
    278,894 SF
    Lot Size
    52,280 SF

    OVERVIEW

    On behalf of the Lender through a court ordered sales process, Cushman & Wakefield ULC (“C&W”) is offering for sale a 100% freehold interest in 6622 & 6688 Willingdon Avenue, Burnaby, BC (the “Property”). The Property is comprised of two legal lots totaling 52,280 square feet currently improved with 72 rental suites located in Burnaby’s transit-oriented neighbourhood of Metrotown. The Property has achieved conditional third reading to permit 460 rental suites inclusive of 72 below market replacement suites and 26 suites at CMHC median rents. The proposed building has 278,894 square feet of net rentable area for an average suite size of 606 square feet. The Property is being rezoned as a CD site based on the RM4s and RM4r bylaws to permit a gross density of 6.15 FAR. The proposed development aligns with the City of Burnaby’s inclusionary rental policy.

    Details

    Building Size:
    278,894 SF
    Available Space:
    278,894 SF
    Sale Price:
    $35,000,000 CAD
    Price Per Unit:
    $101.00 / CAD
    Lot Size:
    52,280 SF
    6622 & 6688 Willingdon Avenue

    AVAILABILITIES

    LOCATION

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