6558 KINGSWAY
Burnaby, BC V5E1C5
$5,600,000
Property Details
Property & Lot
- Lot size
- 15,483 square feet
C7 SERVICE COMMERCIA
Ownership & Fees
- Property type
- Land / Lot
- Annual property tax
- $46,278 (2026)
Interior
- Fireplace
- None
Listing Information
- MLS®
- C8080873
- Listed
- July 30, 2026
- Time on market
- On the market for 32 days
- Tax assessment year
- 2026
- Data last synced
- August 28, 2026
Listing provided by: RE/MAX Crest Realty · Data 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)
Values & Trends
This listing
$1,476/sqft
Building average
—
No other active listings in this building
Burnaby average
$1,099/sqft
8 active listing(s)
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Location Insights
Weather
Nearest station: Vancouver
17°C
Clear
Humidity 100%
Wind WNW 13 km/h
Tonight
14°
Tuesday
20°
Tuesday night
15°
Wednesday
19°
Wednesday night
14°
Thursday
17°
Source: Environment and Climate Change Canada.
Population
249,125
(2021 Census)
+7% since 2016
Density: 2,750.6/km²
Dwellings: 107,046
Median household income: $83,000
After-tax: $73,500
Immigrant population: 50.4%
Top countries of origin (% of total population)
- China12.4% · 30,860
- Philippines4.5% · 11,235
- Hong Kong4.4% · 11,010
- Taiwan3.1% · 7,750
- India3% · 7,540
- Korea, South2.6% · 6,380
- Viet Nam1.4% · 3,380
- Iran1.3% · 3,210
Source: Statistics Canada, 2021 Census of Population.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
41
5/9 categories nearby
Transit
33
5 stop(s) within 800m
How this is calculated
Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.
Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.
Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| St. Francis de Sales(Independent) | Elementary | 149 m |
| Windsor Elementary | Elementary | 490 m |
| Brantford Elementary | Elementary | 630 m |
| Clinton Elementary | Elementary | 1.1 km |
| Morley Elementary | Elementary | 1.1 km |
| Burnaby South Secondary | Secondary | 1.2 km |
| Stride Avenue Community Elementary | Elementary | 1.4 km |
| Taylor Park Elementary | Elementary | 1.4 km |
Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.
Nearby Transit
| Stop | Type | Distance |
|---|---|---|
| Eastbound Kingsway @ Arcola St | — | 61 m |
| Westbound Kingsway @ Arcola St | — | 76 m |
| Westbound Kingsway @ Sperling Ave | — | 231 m |
| Eastbound Kingsway @ Gilley Ave | — | 239 m |
| Westbound Kingsway @ Gilley Ave | — | 339 m |
Nearby Places
Restaurants (5+)
- Vassillis Souvlaki Greek Taverna · 6558 Kingsway19 m
- Masita Korean Restaurant · 6516 Kingsway52 m
- Sushi Garden83 m
- Pho Den · 6401 Kingsway144 m
- Szechuan Cuisine · 6408 Kingsway155 m
Cafes (3)
- Tim Hortons · 6641 Kingsway120 m
- Kea's Meat & Deli · 6616 Beresford Street271 m
- CoCo Fresh Tea & Juice · 6231 Kingsway398 m
Grocery (2)
- King's Market · 6218 Kingsway359 m
- Persia Food · 6791 Kingsway394 m
Parks (5+)
- Burnaby South Memorial Park209 m
- Rene Memorial Park250 m
- Highland Park288 m
- Unnamed304 m
- Unnamed428 m
Banks & ATMs (2)
- Unnamed745 m
- BMO769 m
Nearby places data: © OpenStreetMap contributors.
School district: Burnaby (SD41)
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No similar listings found nearby right now.
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Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.