For Sale

Edmonds Townhouse Redevelopment Site

7447 & 7453 14th Avenue, Burnaby

Development Site
Site size: 26,269 SF

$7,450,000

21-unit townhouse project

Overview

To purchase a +/-26,000 SF townhome development site located in Burnaby’s Edmonds area. The plans in place allow for a 21-unit townhouse project with one level of underground parking.

Many of the upfront site work and costs have been incurred, saving time, energy and expense. Second Reading and Public Hearing have taken place and Third Reading is upcoming. 

A Stage 1 Environmental Report is available for review. A presentation centre has been improved, is located nearby and may be available to facilitate a presales or end of construction sales process, if required. 

Location

The Edmonds area is one of the best-kept secrets in the Lower Mainland. With a strong sense of community and history, beautiful views, parks and trails, recreational amenities, and a thriving business district all within walking distance, this neighbourhood is the place to be.
 
Located in the southeastern quadrant of Burnaby, and anchored by Edmonds Town Centre, the subject property provides easy access to Highgate Village, with its open space market and friendly shopping experience, adding an abundance of new shops and services. 

The recently opened Edmonds Community Centre brings brand new amenities including both a swimming and leisure pool, gymnasium, preschool, daycare, a youth lounge and more. The new Burnaby Public library is close by on the north side of Kingsway, just west of Edmonds Street. Metropolis at Metrotown is a 10 minute drive or take the Expo Line Skytrain from Edmonds Station close by.

Development Plan Timeline

  • Initial Report: May 30, 2016
  • 1st Reading: July 9, 2018
    • Public Hearing: July 24, 2018
  • 2nd Reading: August 27, 2018
  • 3rd Reading:  targeted January 2019
  • 4th Reading: targeted March 2019

Summary

Price$7,450,000
Lot Size~132’ × 200’ (26,269 SF)
Development Potential21 townhome units + underground parking
PID003-061-591, 002-928-051

Financials

FinancingTreat as clear title.
Assessment 2017
Land
Building
Total
Land$2,955,000
Building$23,800
Total$2,978,800
Taxes 2017
$11,054

The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by HQ Commercial.

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