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7229 Kingsway 2 Retail Properties in Burnaby, BC
Investment Highlights
- Prime redevelopment site in Burnaby’s Edmonds Town Centre.
- Fully leased to national tenants providing holding income.
- Steps from future 1,400-unit Hall Towers and public plaza.
- Approved for mixed-use towers up to 40+ storeys.
- Nearly 200 feet of frontage along high-traffic Kingsway.
- Steps from future 1,400-unit Hall Towers and public plaza
Executive Summary
CBRE presents a rare opportunity to acquire a premier 1.04-acre redevelopment site at 7229 Kingsway in Burnaby’s rapidly evolving Edmonds Town Centre. Strategically positioned within the newly approved Edmonds Community Plan, this high-profile corner site is designated for High-Rise Apartment 2 use, allowing for mixed-use residential and commercial development up to 40+ storeys, with the potential for two towers pending City approval.
Currently improved with two fully leased buildings—McDonald’s and Me-n-Ed’s Pizza Parlor—the property offers stable holding income during the rezoning and development process. The site boasts nearly 200 feet of frontage along Kingsway, a major arterial corridor, and is surrounded by a vibrant mix of retail, dining, and community amenities. It is just a 13-minute walk to Edmonds SkyTrain Station and directly across from the future Hall Towers and Kingsway-Edmonds Plaza, a transformative 4.5-acre civic development featuring 1,400 rental units, commercial space, and a public plaza.
With its central location, transit accessibility, and designation within one of Burnaby’s highest-density nodes, 7229 Kingsway is ideally suited for developers seeking a landmark project in a thriving urban hub.
Currently improved with two fully leased buildings—McDonald’s and Me-n-Ed’s Pizza Parlor—the property offers stable holding income during the rezoning and development process. The site boasts nearly 200 feet of frontage along Kingsway, a major arterial corridor, and is surrounded by a vibrant mix of retail, dining, and community amenities. It is just a 13-minute walk to Edmonds SkyTrain Station and directly across from the future Hall Towers and Kingsway-Edmonds Plaza, a transformative 4.5-acre civic development featuring 1,400 rental units, commercial space, and a public plaza.
With its central location, transit accessibility, and designation within one of Burnaby’s highest-density nodes, 7229 Kingsway is ideally suited for developers seeking a landmark project in a thriving urban hub.
Property Facts
| Sale Condition | Redevelopment Project | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 8,426 SF |
| Status | Active | Total Land Area | 1.04 AC |
| Number of Properties | 2 |
| Sale Condition | Redevelopment Project |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 8,426 SF |
| Total Land Area | 1.04 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 7229 Kingsway, Burnaby, BC V5E 1G5 | Retail | 5,000 SF | 1969 | - |
| 7110 Hall Ave, Burnaby, BC V5E 3B1 | Retail | 3,426 SF | 1969 | - |
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7229 Kingsway
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