A high-density residential development site in the Metrotown has sold for $43.27 million, The Goodman Report of HQ Commercial reports.
The 35,580-square-foot site includes two lots with a total development potential of up to 224,154 square feet. The two lots are currently improved with two rental apartment buildings providing good holding income during the rezoning process.
The property is located at 6675 & 6691 Dow St., Burnaby.
Breakdown:
Price: $43,275,000
Lot Size: 35,580 SF
Property Type: Land
Zoning: RM5s/C2
City: Burnaby
Province: B.C.
Name of Brokerage: HQ Commercial
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