Restaurant Space for Sale in BC

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6558 Kingsway
Highgate Burnaby V5E 1C5

$5,600,000
Business with Property, Multi-Family Commercial

Commercial building with a white stucco facade and blue trim
Photo 1: 6558 Kingsway in Burnaby: Highgate Business with Property for sale (Burnaby South)  : MLS®# C8080854
Photo 2: 6558 Kingsway in Burnaby: Highgate Business with Property for sale (Burnaby South)  : MLS®# C8080854
Status:
Active
Prop. Type:
Business with Property, Multi-Family Commercial
MLS® Num:
C8080854
Bus Major:
Food & Beverage
Build. Type:
Street-Level Storefront
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 the well-known Vassilis Souvlaki Greek Taverna, a long-established restaurant serving the Burnaby community for over 25 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.
Sale Type:
Asset or Share
Ownership:
Freehold
Property Type:
Business with Property, Multi-Family Commercial
Commercial Type:
Food & Beverage
Business Name:
VASSILIS SOUVLAKI GREEK TAVERN
Business Type:
Food & Beverage, Restaurant
Business Established Year:
2000
Construction:
Frame Wood
Building Type:
Street-Level Storefront
# Bldgs:
1
Year built:
1946 (Age: 80)
Living Area:
6,000 sq. ft.
Class Of Space:
Class C
Lot Area:
15,246 sq. ft.
Zoning:
Potential to Redevelop:
VERIFY WITH CITY-EDMONDS COMMUNITY PLAN BURNABY 2050 OCP, Yes
Fencing:
# Of Parking Spaces - Total:
Road Frontage:
Road Surface:
Paved
Heating:
Electricity:
Yes
Services Connected:
Cable Connected, Electricity at Lot Line, Electricity Connected, Natural Gas at Lot Line, Natural Gas Connected
Sewer:
Public Sewer
Parcel Number:
000959791
Taxes:
$46,278 / 2026
No
Yes
# Docks:
0
# Grade Doors:
1
# Loading Doors:
1
Water Supply:
Public
Water Rights:
No
Roof:
Potential to Redevelop:
VERIFY WITH CITY-EDMONDS COMMUNITY PLAN BURNABY 2050 OCP, Yes
Env Assmt Phase:
No
Cap Rate %:
Gross Income:
Oper. Expenses:
Other Income:
Effective Gross Income:
Net Operating Income:
Previous Price:
Original Price:
  • Photo 1: 6558 Kingsway in Burnaby: Highgate Business with Property for sale (Burnaby South)  : MLS®# C8080854
    Commercial building with a white stucco facade and blue trim
  • Photo 2: 6558 Kingsway in Burnaby: Highgate Business with Property for sale (Burnaby South)  : MLS®# C8080854
    Advertisement. Detailing commercial property information and operational hours
Listed by RE/MAX Crest Realty
Data was last updated July 30, 2026 at 04:40 PM (UTC)
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