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Mixed-Use

5900 Kingsway

5900 Kingsway, Burnaby, BC V5J 1H2

Listing Price: Request For Offer

Lot Size
0.63 acres
Land Type
Redevelopment

Investment Overview

The Subject Property is a 100% leased retail plaza with near-term value-add and/ or redevelopment potential in Royal Oak Urban Village. Supported by substantial in-place holding income, demolition clauses and strategic market positioning near Metrotown, the Subject Property is an excellent investment opportunity for a developer, private investor or end-user.

Investment Highlights

  • Fully leased retail plaza with over $518,000 in escalating NOI
  • All leases equipped with demolition clauses ensuring flexible redevelopment options
  • Regular shaped site with approximately 150 ft. of Kingsway frontage and 240 ft. on Buller Avenue
  • Situated along the 'High Street Mixed-Use Corridor' within the newly proposed Royal Oak Urban Village Plan, supporting mixed-use use, mid-rise development
  • Held in Bare Trust providing close to $380,000 in savings on property transfer tax
  • Brand new roof replacement completed in August 2023 with 12 year warranty

Exclusively Listed By

Mixed-Use

5900 Kingsway

Listing Price: Request For Offer

Lot Size
0.63 acres
Land Type
Redevelopment

Investment Highlights

  • Fully leased retail plaza with over $518,000 in escalating NOI
  • All leases equipped with demolition clauses ensuring flexible redevelopment options
  • Regular shaped site with approximately 150 ft. of Kingsway frontage and 240 ft. on Buller Avenue
  • Situated along the 'High Street Mixed-Use Corridor' within the newly proposed Royal Oak Urban Village Plan, supporting mixed-use use, mid-rise development
  • Held in Bare Trust providing close to $380,000 in savings on property transfer tax
  • Brand new roof replacement completed in August 2023 with 12 year warranty

Investment Overview

The Subject Property is a 100% leased retail plaza with near-term value-add and/ or redevelopment potential in Royal Oak Urban Village. Supported by substantial in-place holding income, demolition clauses and strategic market positioning near Metrotown, the Subject Property is an excellent investment opportunity for a developer, private investor or end-user.

Exclusively Listed By

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