Retail for Sale — Burnaby, BC
$4,200,000
8691 ARMSTRONG AVENUE, Burnaby, BC V3N2H4
Property details
Structured details
- Zoning
- C1
- Annual property tax
- $14,702.55 (2025)
- Lot dimensions
- 7019
Listing Information
- MLS®
- C8078537
- Listed
- May 6, 2026
- Time on market
- 131 days
- Data last synced
- September 15, 2026
- Source
- CREA DDF®
Description
Fresh off a top-to-bottom renovation. Set on a 7,019 sq ft corner lot, the upper level boasts a 3-bed/3-bath residence plus a separate 1-bed/1-bath suite'perfect for living, renting, or multigenerational use. The ground-floor retail space is a newly built daycare center. Group Child Care (24 children) permitted and ideally situated directly across from the school. C-1 zoning gives you instant versatility: convert to a café, salon, or office'or, with permits, expand the daycare to the second floor for even greater capacity. An on-site playground is already in place, so both indoor and outdoor areas are fully ready. For investors and aspiring daycare owners, this is a rare chance to start earning income from day one. Never approach STAFF directly (Always confidential). Showing by appointments only. (id:63159)
Financing calculator
Estimate your monthly payment on the $4,200,000 asking price.
Financing details
- Monthly debt service
- $40,766
- Cash required at close
- $865,000
- 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 (2)
- Nam Vegan Express · 8681 East Tenth Avenue314m
- Sushi Box · 8671 Tenth Avenue329m
Cafes (1)
- Season's Apple Café · 8699 Tenth Avenue327m
Parks (5+)
- Cariboo Hill School Park268m
- Cariboo Park449m
- Victory Heights Park451m
- Wesburnco Sports Courts453m
- Cumberland Park569m
Pharmacies (1)
- Pharmasave · 8697 East Tenth Avenue298m
Banks & ATMs (1)
- Scotiabank · 8691 Tenth Avenue291m
Nearby places data: © OpenStreetMap contributors.
Nearby transit
| Westbound Armstrong Ave @ Langley St | 74m | |
| Eastbound Armstrong Ave @ Langley St | 144m | |
| Eastbound Armstrong Ave @ Coquitlam St | 217m | |
| Westbound Armstrong Ave @ Coquitlam St | 293m | |
| Westbound Armstrong Ave @ Cariboo Rd | 424m | |
| Northbound Cariboo Rd @ Armstrong Ave | 489m |
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All in Burnaby →Frequently asked questions
What is the asking price for this business?
The asking price is $4,200,000.
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 15, 2026.