Skip to content

Off-market medium-density land assembly completed in Burnaby

Strong pricing reflects future development potential
The development potential of 7317 Buller Avenue, Burnaby, drove the June 7 sale of the property, the final piece in a one-acre land assembly initiated last year.

DEAL | June 7 saw the completion of a one-acre land assembly near Royal Oak Skytrain station in Burnaby with the sale of 0.45 acres at 7317 Buller Avenue, Burnaby. The off-market transaction saw the vendor represented by Steve Da Cruz of CASM Global while Blake Gozda and Nathan Kewin of Cushman & Wakefield represented the purchaser, Vittori Developments Ltd. Zoned M-2 and assessed at $6.5 million, the property’s future development potential within the Royal Oak transit-oriented area supported a sale price of $9.2 million.

PRICE | $9,200,000

FROM | Steve Da Cruz, CASM Global