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. The Property is located in Burnaby, just east of Vancouver. Burnaby enjoys a central location within the Metro Vancouver region and is the third largest city in BC. The Property is located in the Metrotown Town Centre area in the southwest quadrant of Burnaby. Burnaby’s Metrotown is one of the region’s most developed and fastest growing neighbourhoods, anchored by the province’s largest shopping and entertainment complex with over 450 brand name stores and 3 office towers. Metrotown provides convenient access to Downtown Vancouver by SkyTrain, bike, automobile, or bus, and easy connections to New Westminster, Surrey and other municipalities. The Metrotown area is serviced by the Expo Line and Millenium Line Skytrain, providing access to Downtown Vancouver in just 15 minutes. Great anticipation centers around Metrotown’s rapidly changing landscape. Anthem/Beedie are redeveloping the old Station Square mall into a mixed used residential/commercial project. Intracorp has had great success with “Metroplace” and “Silver” and closer to Central Park Boffo Brothers have sold out both phases of their “Jewel” project. With abundance of public amenities such as parks, community centres, a public library and child care facilities, Metrotown is fast becoming one of the most desirable neighbourhoods in the lower mainland.
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