Canada Safeway has placed its 42-acre property in the Edmonds area of Burnaby on the market. The site is currently used for a warehousing and distribution centre but is designated within the City of Burnaby’s Official Community Plan as multi-family residential. It is an excellent development opportunity with the potential to develop upwards of 1,500 units.
It is one of the largest undeveloped parcels for multi-family development in Metro Vancouver and will garner considerable interest from the market. The property is being offered directly by Canada Safeway, with an offer deadline of July 5, 2011.
