5568 Barker is a high rise designated site currently located within the Central Park North neighborhood of the Burnaby Metrotown Plan. The subject site presents a unique opportunity to acquire 29,350 square feet of RM5 High Density Residential designated land. With a maximum achievable density of 5.9 FAR, the site is offered at competitive scale and pricing. The Subject site is currently improved as a 30 unit Strata building and can carry a strong holding income during the development process. The subject site at 5568 Barker Avenue falls within the Central Park North neighborhood of the 2017 Metrotown plan. With goals to implement an official downtown, creating neighborhoods and communities, providing greater connectivity, enhancing the public realm, and providing new amenities, the plan orientates Central Park North as “a transition between the intensity of the Downtown core and the single- and two-family neighbourhoods to the north.”
5568 Barker Ave, Burnaby,
± 29,350 SQFT
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5568 Barker Avenue is optimally placed within Burnaby’s Metrotown Downtown Plan. Sitting just a five minute drive from Metropolis at Metrotown and BCIT, the Subject Site also has immediate access to other major municipalities via Highway 1 (9 minute drive). This placement is ideal for those commuting with a 30 minutes to downtown Vancouver while driving or using transit.
There are currently 17 new developments in the immediate area including Concord Pacific’s ‘Concord Metrotown’ master plan with 1400 new homes and the tallest residential tower in BC. Moving away from the towers, Barker has immediate access to a vast amount of greenspace with 12 parks within a 10 minute drive.
Future residents will enjoy a diverse and expanding range of food and entertainment options with over 15 restaurants within walking distance excluding the new amenities planned in the area from developments. Future developments and master plans hint that Burnaby will soon be one of the major metropolitan areas not only in the Lower Mainland but on the west coast.
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