7777 -- 7763 Kingsway (2 lots - 11,288 sf - Part of a land assembly totaling 62,799 sf) The premises are rectangular in shape with over 96 feet of frontage on Kingsway (over 40,000 passing vehicles per day), There are some street widening setbacks/easements by the city that need to be confirmed, this location benefits from proximity to an array of amenities
close by from residential, retail & Metro town a major shopping centre. The premises are currently leased for $7500/month on a month to month basis. The subject property is zoned C4 which allows for its current use as an automobile showroom. Under the OCP the City of Burnaby has an FSR of 1.0 + will allow another .9 FSR for market Rental. Rental building in the area are selling $300K-$400K/door depending on age.