for sale burnaby heights - karim winsorkarimwinsor.com › ... › 05 ›...

FOR SALE Burnaby Heights Development Opportunity With Excellent Holding Income

4411 Hastings St., Burnaby BC

• High exposure property on Hastings Street between Willingdon Avenue and Rosser Avenue

• Prime location with easy access to Downtown Vancouver and Brentwood Town Centre

• On a major bus route and across the street from shopping, banks and Confederation Park

• 14,179 square foot site with 132 feet of frontage on Hastings Street

• C8A zoning allowing 3 FAR

Downtown Vancouver

Boundary Road

Madison Avenue

Rosser Avenue

Hast

ings

Stre

etWillingdon Avenue

Confederation Park

SUBJECT PROPERTY

www.karimwinsor.comKARIM WINSOR Personal Real Estate Corporation

TEL 604 319 6439 EMAIL [email protected]

PAUL TOFFOLI Personal Real Estate Corporation


OPPORTUNITY

This prime development site is located in one of the best commercial retail corridors in Burnaby with excellent holding income. The site is minutes away from Confederation Park, strong retail and excellent schools. The property has beautiful views towards the North Shore Mountains and Capital Hill.

LOCATION

The property is located on the north side of Hastings Street between Willingdon and Rosser Avenues in the Burnaby Heights neighbourhood.

The immediate area includes great retail including Safeway, Bank of Montreal and BlueShore Financial.

Surrounding the commercial corridor is an affluent neighbourhood consisting of single family homes and excellent public and private schools. Confederation Park is steps away and includes Eileen Dailly Pool and Fitness Centre, McGill Library, a youth and seniors centre and a fantastic playground and outdoor area.

SITE DESCRIPTION

• 132 feet of frontage along Hastings Street

• 108 feet deep to the back lane

• The total site area is 14,179 square feet with easy paved lane access

THE BUILDING

The building is currently fully leased with an excellent mix of tenants including BlueShore Financial, Maritime Travel, a barber, doctor, accountant and a sandwich shop. The total building area is 8,922 square feet with six retail tenants on the ground floor and four office tenants on the second floor. Net income for the building is over $134,500 per annum providing excellent holding income.

www.karimwinsor.com

ENVIRONMENTAL

A phase 2 report has been completed by Keystone Environmental. A copy of the phase 2 report will be provided upon request.

OFFICIAL COMMUNITY PLAN (OCP)

The subject site falls into the Heights area of Burnaby’s OCP which is designated as an urban village accommodating non town centre multi-family development with a service commercial component.

ZONING

The subject site is zoned C8A (maximum 3.0 FAR) which provides for a wide range of commercial and retail establishments with medium density multiple family dwellings located above the business premises with a maximum height of four storeys.

LEGAL DESCRIPTION

4411 Hastings Street – 002-806-126 Parcel "B" District Lot 121 Group 1 New Westminster District Reference Plan 57880

ASKING PRICE

$9,500,000DEVELOPMENT SUMMARY

SITE AREA (SF) 14,179 square feet ZONING C8A – Maximum FAR of 3.0 MAXIMUM BUILDABLE 42,537 SF OCP Heights – Urban Village GROSS TAXES (2017) $70,141.22

4411 HASTINGS STREET BURNABY BC • HEIGHTS • URBAN VILLAGEBO

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Heights Community Plan

0 150 30075 Meters

1:6,000

General Land Use Designation Key

Single and Two Family Residential

Medium Density Multiple Family Residential (RM2/RM3/RM6/RM7)

High Density Multiple Family Residential (RM4/RM5)

Medium Density Mixed Use (RM3, C1/C2, C8/C8a)

High Density Mixed Use (RM5/C3, RM5/C2 or RM4, C1/C2)

Commercial (C2/C3/C4a)

Institutional (P1/P2/P8)

Park and Public Use/Public School (P3)PLANNING & BUILDING DEPARTMENT

P:\Dave Jackson\projects\development plans\maps\Heights.pdf - Updated to Dec 31, 2010

URBAN VILLAGEHEIGHTS

Updated to December 31, 2010.

PLANNING & BUILDING DEPARTMENT

The information contained herein (the “Information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by TRG Commercial Realty Ltd. or any of its affiliates. TRG Commercial Realty neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness or suitability of, or decisions based upon or in connection with, the Information. The Information may change and property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of TRG Commercial Realty.

KARIM WINSOR Personal Real Estate Corporation




For information please contact:

www.karimwinsor.com

SUBJECT PROPERTY

www.karimwinsor.comKARIM WINSOR Personal Real Estate Corporation




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for sale burnaby heights - karim winsorkarimwinsor.com › ... › 05 ›...

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