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Small Burnaby industrial site sold for $1.9M

The lot measures just 0.14 acres but has multi-family development potential and is near the SkyTrain
DD Burnaby small industrial development site sidley

A lot in Burnaby, B.C., measuring a mere 0.14 acres but with multi-family development potential, has sold for $1.9 million, report Cushman & Wakefield and Macdonald Commercial. The site is also near a SkyTrain station.

Breakdown:

Property type: Industrial

Location: 5791 Sidley Street, Burnaby

Property size: 6,165 square feet

Land size: 0.14 acre

Zoning: M-2 (general industrial)

List price: $2.5 million’

Sale price: $1.9 million

Date of sale: January 30, 2020

Brokerage names: Cushman & Wakefield, Macdonald Commercial, Vancouver

Brokers: Blake Gozda and Nathan Kewin of Cushman & Wakefield and Sam Emam of Macdonald Commercial