FOR SALE DEVELOPMENT ASSEMBLY: OPPORTUNITY FOR LOW- DENSITY MULTI-RESIDENTIAL DEVELOPMENT 5416 BARKER AVENUE| | BC

BOND STREET

123’

77’

BARKER AVENUE

SARDIS STREET

FOR MORE INFORMATION PLEASE CONTACT: David Ho Personal Real Estate Corporation William Chu Executive Vice President | Investment Properties Sales Representative | Investment Properties 604 662 5168 • [email protected] 604 662 5163 • [email protected] THE OFFERING OCP MAP CBRE Limited (“CBRE”) is pleased to present 5416 Barker Avenue, a 9,417 square foot site designated for the low density, multi-residential development (through additional assembly). Located on Barker 5416 Avenue, north of the Kingsway arterial in the Central Park North neighbourhood of Burnaby. The Property is designated as an RM3s site, for the potential development of up to 1.5 FSR of multi-residential development. The Property is amongst a number of townhome projects including Paddington Mews, a BARKER AVENUE 34-townhome development by Otivo Development Group

Burnaby | BC Subject Property Bond Street

Assembly Potential 123’ 77’

EXECUTIVE SUMMARY 77’ Duplex Avenue Halley Barker Avenue Barker Vacant Land CIVIC ADDRESS 77’ Owned by City 5416 Barker Avenue, Burnaby, BC

TOTAL SITE SIZE 9,471 sq. ft. (Approx)

SITE DIMENSION Sardis Street 77’ x 123’ (Approx)

CURRENT ZONING OFFERING HIGHLIGHTS R5 Assembly Potential. The adjacent properties with assembly potential are comprised of a duplex (5450 & 5452 Barker Avenue), and a vacant lot owned by the City of DESIGNATED DENSITY Burnaby (5484 Barker Avenue). This potential assembly would form a 28,413 SF site.

RM3s (1.5 FSR) OCP Designated Lands The Subject Property is designated for low- Metropolis Central Park density, multi-residential development (through additional assembly with adjacent TOTAL POTENTIAL ASSEMBLY properties). Immediately surrounding the Property are a few townhouse projects by various developers. 28,413 SF Popular Metrotown Neighbourhood The Property is located PRICE within a desirable Metrotown Neighbourhood, seconds from the major arterial of Kingsway, and minutes to community and commercial amenities such as Central Park, the Burnaby Please contact listing agent Library, Metrotown and Crystal Mall.

Transit The Property is minutes from the Patterson SkyTrain Station, providing residents easy access to Downtown , New Westminister and Surrey via the Expo Line. A connection to Richmond and Vancouver International Airport (YVR) are also accessible by connection via the . Patterson station Metrotown Core Forest Glen Park

Burke Street

Chaffey-Burke

Barker Avenue Elementary

Old Orchard Park

Kingsway

Crystal Mall Central Park

Metrotown

Patterson SkyTrain Station

FOR MORE INFORMATION PLEASE CONTACT:

David Ho Personal Real Estate Corporation William Chu Executive Vice President | Investment Properties Sales Representative | Investment Properties 604 662 5168 • [email protected] 604 662 5163 • [email protected]

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