5175 KINGSWAY, BURNABY, BC FOR SALE MIXED-USE DEVELOPMENT SITE

DOWNTOWN

METROTOWN

SUBJECT

Kingsway Royal Oak Ave

9,975 SF FUTURE DEVELOPMENT SITE LOCATED IN THE HEART OF DOWNTOWN BURNABY/METROTOWN

Chris McIntyre Neil S McAllister Personal Real Estate Corporation Personal Real Estate Corporation D 604.630.3392 C 604.889.0699 D 604.630.3374 C 604.720.3312 [email protected] [email protected]

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5175 KINGSWAY, BURNABY,SARATOGA CT BC CHRISTOPHER E U N

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BOND STREET E

MIXED-USE DEVELOPMENTA SITE E OND STREET

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SAMARA CT

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FOR SALE U

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THURSTON

N E George McLean Y

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STREET E E A

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Park E B

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D BUXTON CT

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A BUXTON

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SARDIS STREET G V

I SANDELL L BC Parkway A

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C ENTRAL P ARK NOR T H O G

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5130 6435 N I

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E IRVINGC ST ROYAL OAK

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N AVE S U O

I S SHEPHERD STREET KINGS WAY P

GRAFTON STREET D K R

I NGS ST I GRAFTON V WA M E O Y

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T E G O HARLEY CT RA O N

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E U S R T 5137 N R

Location ExistingE Zoning E E ET K V A MAITLAND STREET KINGSWAY R E A

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This high exposure corner lot is located in what C-4 (Service Commercial District) E E N

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U L SUBJECT O A will become the heart of Downtown Burnaby. The N N L E E K O I V E U

M D M A P N G E N V H DOVER STREET S I A AZ site is centrally located on the northwest corner CENTRA L T L E Building Size N R L L E I S N E E T T W RE E O E E U S L T PATTERSON P ARKL EAST H N STATION I T E of Kingsway and Royal Oak Avenue. The property 2,550 SF approximately V W A K Y A A E

K V Marlborough

c X A

E Elementary E

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offers quick and convenient access to rapid transit, C S School

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S E R D A K Y I H A E L N

A G K C shopping,O schools, parks, and entertainment. U B S I NG R Potential N Base DensityL B R R V S R

O E BC ParkwayD W E V B R A

Y Bob K E O Y U A R U c R

E Prittie G M

A S H M N F c 37,905 SF (3.8 FAR) D O O Library S SANDERS STREET R M E T N S D

U L

U S

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O W Civic

E B Community Plan V Square M A R L BOROU G H

A M E T R O D O WNTO W N

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Central Park O

The Metrotown Community Plan designates this site S Lot Size B R E N R E E E NEWTON STREET

T S E Kinnee F Proposed Metro T O L R A H Park D Downtown

as High Density Mixed-Use. Rezoning guidelines are 9,975P SF approximately M T

S E AY A T Open Space U B K R NU E E E E

N IRVING STREET R ET V

R E Y C

E A V based on RM4 (Residential) and C2 (Commercial). N

S T A K T R

R A E A E L E N

B O T U

O O N U The base density for residential is 2.5 plus 1.3 for S E L

Property Taxes (2018) E AL V METROTOWN V L

A A E R E STATION D N U E RO Y I N a combined base density of 3.8 FAR. A potential $60,462.78 S E S V BENNETT STREET A A E C Y U E

A N E U K E developer may purchase an additional 1.1 FAR of U N c V

A N E M BC Parkway E E V V V R A

A A E Lobley Maywood V bonus density from the city. L D Park N BC Assessment Park I N R

R O S O O O I F T S S GRIMMER L G N N M E N E O E $6,833,200E A T I Y B T U U W Bonsor L X N E

O N E R O E Recreation U E

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N N A V E S B

Complex E

O M A Y W O O D A T V

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Features A E

A G E E H GRIMMER STREET N T S I E G S E U Source: City of Burnaby Metrotown Downtown Plan L U

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L E N I S O f A E E

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f Prime corner lot R AskingW Price V Maywood L

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N E Community B

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V LL INGDON O School R

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A D D A f High exposure Contact agents Y

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M ff Close proximity to SkyTrain Station I

S IMPERIAL STREET f f Redevelopment upside Availability T C

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f O f Potential to assemble neighbouringN lots Contact agents R E

V R A A

D LEGEND E (specifically 5137 Kingsway, 6435Y Royal Oak C D N A Avenue,Met and 5130ro Irvingto Street)wnM

RM3s RM5 RM4s RM5s RM4s/C2 RM4s/C3 RM5s/C2 RM5s/C3 Live/Work Institutional Public Park/ Neighbourhood SkyTrain SkyTrain Neighbourhood Disclaimer: AlthoughGENE the RinformationAL LA NcontainedD USE within is from sources believed to be reliable, no warranty or representation is made as to its accuracy being subject to errors,Opportunity omissions, conditions, Schoolprior lease, Openwithdrawal Space orCommercial other changesStation without notice andBoundary same should not be relied upon without independent verification. © Lee & Associates Commercial Real Estate (BC) Ltd. All Rights Reserved. Opportunity C2/P2 C1 Medium Density High Density Residential High Density Mixed Use Residential

475 West Georgia Street, Suite 800 | Vancouver, BC V6B 4M9 | 604.684.7117 | leevancouver.com

METROT O W N DOWNTO W N P L A N 3 7 RoyalOak Ave Nelson Ave Kingsway

SUBJECT

METROTOWN STATION

Imperial St

ROYAL OAK STATION

Chris McIntyre Neil S McAllister Personal Real Estate Corporation Personal Real Estate Corporation D 604.630.3392 C 604.889.0699 D 604.630.3374 C 604.720.3312 [email protected] [email protected]

475 West Georgia Street, Suite 800 | Vancouver, BC V6B 4M9 | 604.684.7117 | leevancouver.com