Commercial Investment Property
7460 Edmonds Street, Burnaby
To acquire commercial investment opportunity leased to 2 tenants in Burnaby’s Edmonds Town Centre neighbourhood on the 7400 Block of Edmonds Street. The property is improved with a two-storey commercial building with 7,048 SF leasable area on a 132’ × 113.22’ (14,945 SF) lot. The Edmonds Community Plan designates the site Medium Density Mixed-Use (up to 2.2 FSR) allowing for potential redevelopment.
Edmonds 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, adds 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 and 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. The Metrotown Mall is a 10 minute drive or take the Expo Line Skytrain at the Edmonds Station close by.
|Income and expenses|
Net operating income
Net Operating Income~$96,000
The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by Goodman Commercial.