5501 Kingsway, Burnaby, BC

CBRE Limited is pleased to present the opportunity to acquire 5501 Kingsway, 6582 Denbigh Avenue, and 6572 Denbigh Avenue (collectively the “Properties”). The offering represents a rare opportunity to acquire a well maintained low-rise building built and owned by the original owner. Fully leased to stable service-based businesses, 5501 Kingsway is competitively positioned in the trade area featuring ample signage opportunities, corner visibility and curb appeal, and a rare mix of secured underground parking & easily accessible surface parking stalls. The Properties are comprised of 3 legal parcels. 5501 Kingsway is improved by a 2-storey office building with underground parking. 6582 Denbigh Avenue is an above ground parking lot featuring 17 stalls. 6572 Denbigh Avenue is improved by a tenanted single family home. Furthermore, the Properties benefit from the optionality of redevelopment: the City of Burnaby has designated the properties in their Official Community Plan as a Rapid Transit Urban Village allowing for up to 12-storeys of residential and commercial.