Metrotown Development Site For Sale by Court Order
6540 & 6592 Telford Ave, Burnaby, BC V5H 2Z2
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Description
Address
6540 & 6592 Telford Ave, Burnaby, BC V5H 2Z2
Neighborhood: Metrotown
Location
Lee & Associates Vancouver is pleased to present the opportunity to acquire a Metrotown development site comprised of two legal lots totalling 43,800 SF. The Property is currently improved with 53 rental suites generating approximately $685,000 in net operating income. Situated just steps from Metrotown SkyTrain Station and Metropolis at Metrotown, the site offers a significant transit-oriented redevelopment opportunity with proposed mixed-use density of approximately 425,000 SF across two towers.
Highlights
- Central location
- Holding income in place
- Proposed density of 425,000 SF
- 4-minute walk to Metrotown SkyTrain Station and retail amenities at Metropolis at Metrotown
Property Details
| Property Status | For Sale |
| Property Type | Development, Multifamily |
| Property Size | 43,800 SF (two lots) |
| Zoning | RM-3 & R1 |
| Price | Call for Price |
| NOI | $685,363 |
| Gross Taxes | $71,514.17 (2025) |
| Improvements | 53 multifamily suites |
