Central Park Patterson Station Metropolis at Metrotown Metrotown Station Willingdon Avenue Beresford Street Imperial Street Metrotown High-Rise Development Opportunity 6688 Willingdon Avenue, Burnaby, BC Investment Highlights > Designated as RM4-s high-rise in draft Metrotown Official Community Plan > 45-suite apartment building > 125,140 buildable SF > 10 minute walk to Metrotown Skytrain Station > Good income to minimize holding costs > Close proximity to Metropolis at Metrotown CASEY WEEKS* DAN SCHULZ* 604 661 0811 778 999 5758
[email protected] [email protected] Opportunity Colliers is pleased to present this rare opportunity to purchase a well located redevelopment site with potential for short term holding income. The property sits on a 34,761 SF site and is currently improved with 45 apartment units. SALIENT FACTS Municipal Address: 6688 Willingdon Avenue, Burnaby, BC Located mid-block on Willingdon Avenue, between Imperial Street and Maywood Street. Location: The subject property is ideally located close to rapid transit, Metrotown amenities and Central Park. Current Zoning: RM3 (1.1 FSR plus 0.4 FSR Bonus Density) OCP Future Density: RM-4s (Total 3.6 FSR - 2.5 FSR plus 1.1 FSR Bonus Density)* Site Size: 34,761 SF (±207 ft. frontage x ±167 ft. depth) Total Buildable Area: 125,140 SF Improvements: Three (3) floor residential building Total Units: 45 Apartment Units NOI: $240,538 Assessed Value (2017): $11,294,200 *As noted in Draft Community Plan published in November 2016 by the City of Burnaby LOCATION HIGHLIGHTS Prospective Purchasers > Located “top of the hill” with the potential for unprecedented views of Central Park and Mount Baker to the south.