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14-acres in Burnaby sells for $151 million

Planned for a residential development near the Sperling- Burnaby Lake SkyTrain station, it is one of the larger Metro residential land transactions of 2021.
7000 Lougheed
Colliers International, Vancouver, for Western Investor

Type of property: Development land

Location: 7000 Lougheed Highway, Burnaby, B.C.

Size of property: 14 acres

Potential development: master-planned residential

Sale price: $151 million

Date of sale: December 7, 2021

Brokerage: Colliers International, Vancouver.

Broker: David Taylor