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Burnaby 44-door rental apartment building site sells for $28 million

The Telford Avenue 35,022-square-foot lot has development potential of 6.15 FSR close to the Metrotown SkyTrain station.
NAI Commercial, Vancouver, for Western Investor
6540-telford
NAI Commercial, Vancouver, for Western Investor

Property: Multi-family rental building

Location: 6540 Telford Street, Burnaby, B.C.

Number of units: 44

Size of lot: 35,022 square feet

Land size in acres: 0.80 acres

Potential: Development to floor-space-ratio (FSR) 6.5

Potential buildable: 215,385 square feet

Price: $28 million

Brokerage: NAI Commercial, Vancouver.

Brokers: Brandon Harding, Terry Harding and Jackson Tang