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Royal Oak industrial site with holding income fetches $1.8M

Holding income and future opportunities drove deal for Burnaby asset
This 8,151-square-foot lot on Russell Avenue in Burnaby's Royal Oak neighbourhood with M4 zoning sold Feb. 1 for $1.8 million.

DEAL | Zoned M4, this 8,151-square-foot lot in Burnaby’s Royal Oak neighbourhood with holding income sold Feb. 1 for $1.8 million. Situated south of Kingsway along Russell Avenue, the property is within walking distance of Royal Oak SkyTrain Station and conveniently road access to all areas of Lower Mainland due to its proximity to Kingsway.

PRICE | $1,800,000

FROM | Sam Emam, Macdonald Commercial