Metrotown development site sells under assessed value, at $7.1M

High-density site in thriving Burnaby hub is zoned for mixed-use residential-commercial

NAI Commercial
July 4, 2019

DD Metrotown development site NAI Commercial

An office property on a 7,320-square-foot lot in Burnaby’s Metrotown area sold June 18 for $7.1 million, more than $500,000 below its assessed value. The site is zone for high-density mixed use, including residential development.

Price: $7,100,000

Lot size: 7,320 square feet

Property type: Office

2018 BC Assessment value: $7,569,200

Zoning: High-density, mixed-use RM-SS/C3

Date of sale: June 18, 2019

Address: 6112 Sussex Avenue

City: Burnaby, B.C.

Name of brokerage: NAI Commercial.

Agents: Terry Harding, Jackson Tang, Brandon Harding

Terry has 39 years of experience as a real estate specialist in multi-family investments.

NAI Commercial
Suite 1300, 1075 West Georgia St.
Vancouver, B.C. V6E 3C9
Office: 604-691-6615

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