This 11,867 square foot mixed-use retail and office building presents a unique investment and redevelopment opportunity in Burnaby’s rapidly evolving Edmonds neighbourhood. Situated near the intersection of Canada Way and Edmonds Street, the property offers excellent proximity to schools, parks, community amenities, restaurants, and transit hubs, making it an ideal location for both tenants and future development.
The two-storey building currently comprises 13 units, including three ground-floor commercial retail units and ten office spaces. Set on a 10,012 square foot lot, the property also benefits from an Official Community Plan designation supporting future development of four or more storeys. There are ten parking stalls located at the rear with easy access, supplemented by additional street parking along the frontage.
Current lease structures allow for rental upside through increased market rates, with recent transactions in the area supporting rates of $25 per square foot or more annually. For investors and owner-users alike, this property offers the dual benefit of stable holding income with the potential for future repositioning, redevelopment, or owner occupancy in a high-growth urban corridor
