- Active
6558 KINGSWAY
Burnaby · Vacant Land
- Lot size
- 15,483 ft²
- Built
- 1946
Listed by RE/MAX Crest Realty · MLS® C8080873
There is more to this listing. Create a free account to see the exact location, taxes, room sizes and price history.
Sign inAbout this home
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 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.
Home facts
- Lot size
- 15,483 sq ft
- Year built
- 1946
- Property type
- Vacant Land
- Listed
- July 30, 2026
Features and inclusions
- Lot
- Lane
Rooms and building
- Water
- Utilities
- Natural Gas, Electricity, Cable
The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
Monthly and upfront costs
Uses the posted 5-year rate (5.19%), 20% down and a 25-year amortization.
Monthly ownership costs
- Principal and interest
- $26,543
- Property tax
- $1,633/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $28,326
Purchase snapshot
- List price
- $5,600,000
- Down payment
- $1,120,000 (20%)
- Estimated mortgage
- $4,480,000
Estimates only. They leave out utilities, upkeep and closing costs.
Borrowing costs
What money costs right now
The rates behind any payment estimate on this page.
- Prime rate
- 4.45%
- Variable mortgages are quoted against this.
- 5 year bond yield
- 3.68%
- Fixed mortgage pricing follows this.
- Policy rate
- 2.25%
- Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
Source: Bank of Canada. As of 2026-09-29
Property tax
What the tax bill looks like
Municipal, regional, hospital and school rates combined.
- Estimated annual tax
- $18,389
- At 3.2837 per $1,000 of assessed value.
Estimated by applying the municipal rate to the asking price. Your actual bill is based on the BC Assessment value, which is set separately and usually differs from the sale price. Home owner grants are not included.
Source: Province of British Columbia, Local Government Statistics Schedule 702, 2026. As of 2026-01-01
For investors
As a rental
- Estimated rent
- $760 a month
- Gross yield
- 0.2%
Estimated rent from Statistics Canada rents for this area, scaled to the bedrooms. Gross yield is 12 months of that rent over the asking price, before costs.
Neighbourhood
Estimated travel times. Map data © OpenStreetMap contributors.
Climate
What the weather is like in Vancouver
Ten year average, 2016–2025.
- Average temperature
- 10.6°C
- Daily mean across the year.
- Yearly precipitation
- 1,141 mm
- On the drier side for BC.
- Yearly snowfall
- 39 cm
- Snow is the exception here.
- Bright sunshine
- 1,938 h
- Hours of sun a year, 1981–2010 average.
Averaged from the last ten complete years of Environment Canada observations at the nearest principal station, so it reflects the climate as it is now rather than a thirty year normal. Bright sunshine is the exception: it is no longer measured at these stations, so that figure is the long term average.
Source: Environment and Climate Change Canada, monthly climate summaries
Land and hazards
What the maps say about this land
Provincial designations and mapped natural hazards at this location.
- Wildfire interface
- Low risk
- In a mapped wildland-urban interface zone. Affects insurance and FireSmart requirements.
Based on where this point falls in provincial map layers, not a site survey or a formal hazard assessment. Confirm with the municipality, a professional, and your insurer before relying on it.
Source: BC Geographic Warehouse (Agricultural Land Commission, BC Wildfire Service)
Most listed
Condo / Apartment · 55%
Who lives here
Documents
Pick the records you want. Ray Rasouli will email what the listing brokerage shares.
Availability is not guaranteed. Review documents with a professional.