Industrial

8705 GOVERNMENT Street
Government Road Burnaby V3N 4G9

$6,600,000
Multi-Family Commercial, Industrial

Main Photo: 8705 GOVERNMENT Street in Burnaby: Government Road Multi-Family Commercial for sale (Burnaby North)  : MLS®# C8025230
Photo 1: 8705 GOVERNMENT Street in Burnaby: Government Road Multi-Family Commercial for sale (Burnaby North)  : MLS®# C8025230
Photo 2: 8705 GOVERNMENT Street in Burnaby: Government Road Multi-Family Commercial for sale (Burnaby North)  : MLS®# C8025230
Status:
Active
Prop. Type:
Multi-Family Commercial, Industrial
MLS® Num:
C8025230
Build. Type:
Quasi Retail
CAMERON area of Burnaby- North side of Government St, East of Cariboo Rd. The property is currently zoned M5 (Light Industrial) and is .829 acres or 36,155 sqft. of land. Currently there is an industrial building of approximately 8,009 sq.ft. The property is located in the Lougheed Town Centre Community Plan which will allow for a Low or Medium Density Multiple Family Residential. Property could be re-zoned to "ground oriented" RM2 designation which would allow for townhomes. Condominiums would not be allowed on this property according to City of Burnaby. Density allowed would be FAR 1.0 so maximum building footprint would be 36,155 sq.ft. on 2-3 levels. The neighbouring property at 8745 Government Street is a 27 unit townhome complex on 44,705 sq.ft property and is a housing unit for Habitat for Humanity.
Sale Type:
Asset
Property Type:
Multi-Family Commercial, Industrial
Construction:
Concrete Block
Building Type:
Quasi Retail
Year built:
1985 (Age: 34)
Office Size:
8,009 sq. ft.
Retail Size:
8,000 sq. ft.
Mezzanine Size:
1,000 sq. ft.
Land Use/Zoning:
M5
Taxes:
$26,048.8 / 2018
Mezzanine, Storage, Visitor Parking
# Elevators:
0
# Docks:
4
# Grade Doors:
4
Ceiling Height:
18'
HVAC:
Electric, See Realtor Remarks
Env Assmt Phase:
None
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
Tot Gross Sales:
Condo Fee:
Lse Op Costs SF:
Previous Price:
Original Price:
  • Photo 1: 8705 GOVERNMENT Street in Burnaby: Government Road Multi-Family Commercial for sale (Burnaby North)  : MLS®# C8025230
    Photo 1 of 2
  • Photo 2: 8705 GOVERNMENT Street in Burnaby: Government Road Multi-Family Commercial for sale (Burnaby North)  : MLS®# C8025230
    Photo 2 of 2
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Listed by Royal LePage Brent Roberts Realty
Data was last updated October 18, 2019 at 10:10 PM (UTC)
CHARLES ZHOU PERSONAL REAL ESTATE CORPORATION
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