Retail for Sale — Burnaby, BC
$5,600,000
6558 KINGSWAY, Burnaby, BC V5E1C5
Property details
Structured details
- Zoning
- C7 SERVICE COMMERCIA
- Annual property tax
- $46,278 (2026)
- Lot dimensions
- 15483
- Utilities
- Natural Gas, Electricity, Cable
- Lot features
- Lane
Listing Information
- MLS®
- C8080854
- Listed
- July 29, 2026
- Time on market
- 47 days
- Data last synced
- September 14, 2026
- Source
- CREA DDF®
Description
Exceptional Burnaby Investment & Redevelopment Opportunity! Rare opportunity to acquire a prominent 15,483 sq. ft. corner property with approximately 133 feet of frontage along Kingsway, providing outstanding visibility and exposure. The property is home to a long-established restaurant serving the Burnaby community for over 47 years. Located within Burnaby's Edmonds Community Plan Area and governed by the Burnaby 2050 Official Community Plan, this high-profile site offers excellent potential for future redevelopment, subject to City of Burnaby approvals. The corner location, generous frontage, ample on-site parking, and proximity to transit, shopping, and major transportation routes make this an exceptional opportunity for investors, developers, and owner-users. Buyer to verify all zoning, permitted uses, redevelopment potential, density, and development opportunities with the City of Burnaby. (id:63159)
Financing calculator
Estimate your monthly payment on the $5,600,000 asking price.
Financing details
- Monthly debt service
- $54,355
- Cash required at close
- $1,145,000
- DSCR
- —
- Cash-on-cash return (yr 1)
- —
Pure arithmetic, no market assumptions — informational only, not financial advice. Enter your own stated SDE/EBITDA above to see DSCR and cash-on-cash return.
Location
Local market size (Burnaby)
- Population
- 249,125(+7% since 2016)
- Population density
- 2,750.6/km²
- Median household income
- $83,000
Source: Statistics Canada, 2021 Census of Population.
Education
- Bachelor's degree or higher
- 38.2%
- Postsecondary below bachelor's
- 24.6%
- High school diploma
- 25.9%
- No certificate/diploma
- 11.3%
Population aged 15 and over.
Commute
- Car, truck or van
- 71.0%
- Public transit
- 21.5%
- Walked
- 4.7%
- Bicycle
- 0.9%
- Other
- 1.8%
Commute duration
- Under 15 min
- 16.3%
- 15–29 min
- 34.5%
- 30–44 min
- 31.7%
- 45–59 min
- 10.2%
- 60+ min
- 7.3%
Employed labour force with a usual workplace.
Mother Tongue
Top 10 mother tongues reported (single responses).
Nearby Places
Restaurants (5+)
- Vassillis Souvlaki Greek Taverna · 6558 Kingsway19m
- Phở Hòa · 6516 Kingsway52m
- Heat Pot · 6462 Kingsway82m
- Sushi Garden83m
- Pho Den · 6401 Kingsway144m
Cafes (3)
- Tim Hortons · 6641 Kingsway120m
- Kea's Meat & Deli · 6616 Beresford Street271m
- CoCo Fresh Tea & Juice · 6231 Kingsway398m
Grocery (2)
- King's Market · 6218 Kingsway359m
- Persia Food · 6791 Kingsway394m
Parks (5+)
- Burnaby South Memorial Park209m
- Rene Memorial Park250m
- Highland Park288m
- Unnamed304m
- Unnamed428m
Banks & ATMs (2)
- Unnamed745m
- BMO769m
Nearby places data: © OpenStreetMap contributors.
Nearby transit
| Eastbound Kingsway @ Arcola St | 61m | |
| Westbound Kingsway @ Arcola St | 76m | |
| Westbound Kingsway @ Sperling Ave | 231m | |
| Eastbound Kingsway @ Gilley Ave | 239m | |
| Westbound Kingsway @ Gilley Ave | 339m | |
| Westbound Rumble St @ Hedley Ave | 481m |
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All in Burnaby →Frequently asked questions
What is the asking price for this business?
The asking price is $5,600,000.
Where is this business located?
This listing is located in Burnaby, British Columbia.
How current is this listing?
This listing is sourced from the CREA Data Distribution Facility (DDF®) and refreshed nightly. It was last confirmed active on September 14, 2026.