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Photo 1: 7229 Kingsway in Burnaby: Highgate Land Commercial for sale (Burnaby South)  : MLS®# C8072528
Photo 2: 7229 Kingsway in Burnaby: Highgate Land Commercial for sale (Burnaby South)  : MLS®# C8072528
Photo 3: 7229 Kingsway in Burnaby: Highgate Land Commercial for sale (Burnaby South)  : MLS®# C8072528
Photo 4: 7229 Kingsway in Burnaby: Highgate Land Commercial for sale (Burnaby South)  : MLS®# C8072528
Photo 5: 7229 Kingsway in Burnaby: Highgate Land Commercial for sale (Burnaby South)  : MLS®# C8072528
Photo 6: 7229 Kingsway in Burnaby: Highgate Land Commercial for sale (Burnaby South)  : MLS®# C8072528
Status:
Active
Prop. Type:
Land Commercial, Retail
MLS® Num:
C8072528
CBRE Limited is pleased to offer an exclusive opportunity to purchase a 1. 04 acre redevelopment property located at 7229 Kingsway in Burnaby, BC (the "Property"), designated within the new Edmonds Town Centre Plan as "High-Rise Apartment 2" allowing building heights of 40 storeys. Potential for 2 towers on this site. Edmonds Town Centre is located just to the east of Metrotown, this exceptionally well-located development site currently has two free standing retail buildings which are fully leased to a top McDonald's Drive Through Restaurant and Me-n-Ed's Pizza Parlor. The Property is nestled in a high-traffic area with great exposure along Kingsway and immediate access to neighbourhood amenities, grocery stores, retail shops, cafes, restaurants and the Edmonds Skytrain Station.
Sale Type:
Asset
Ownership:
Freehold
Property Type:
Land Commercial, Retail
Living Area:
7,754 sq. ft.
Subject Property Depth:
0'
Subject Property Width:
0'
Contiguous Spc:
0 sq. ft.
Minimum Divisible Area:
0 sq. ft.
Lot Area:
1.04 acre(s)
Zoning:
Potential to Redevelop:
Area plan to allow building heights of 40 storeys., No
Fencing:
# Of Parking Spaces - Total:
Road Frontage:
Heating:
Electricity:
No
Env Assmt Comment:
Completed Phase 1, recommends no further investigation.
Parcel Number:
007085541
Taxes:
$241,658.5 / 2024
No
Water Rights:
No
Roof:
Potential to Redevelop:
Area plan to allow building heights of 40 storeys., No
Env Assmt Phase:
Yes
Cap Rate %:
Gross Income:
Oper. Expenses:
Association Fee:
$.00
Other Income:
Effective Gross Income:
Net Operating Income:
Previous Price:
Original Price:
  • Photo 1: 7229 Kingsway in Burnaby: Highgate Land Commercial for sale (Burnaby South)  : MLS®# C8072528
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  • Photo 2: 7229 Kingsway in Burnaby: Highgate Land Commercial for sale (Burnaby South)  : MLS®# C8072528
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  • Photo 3: 7229 Kingsway in Burnaby: Highgate Land Commercial for sale (Burnaby South)  : MLS®# C8072528
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  • Photo 4: 7229 Kingsway in Burnaby: Highgate Land Commercial for sale (Burnaby South)  : MLS®# C8072528
    Map / location
  • Photo 5: 7229 Kingsway in Burnaby: Highgate Land Commercial for sale (Burnaby South)  : MLS®# C8072528
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  • Photo 6: 7229 Kingsway in Burnaby: Highgate Land Commercial for sale (Burnaby South)  : MLS®# C8072528
    Map / location
Listed by CBRE Limited
Data was last updated November 20, 2025 at 03:35 PM (UTC)
KEVIN LEE
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