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Timothy Turner

Cell 604-561-9515 | tturner@sutton.com
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5502 Lougheed Highway in Burnaby: Brentwood Park Land Commercial for sale in "Revs Burnaby Bowling Centre" (Burnaby North) : MLS®# C8074132

5502 Lougheed Highway Burnaby V5B 2Z8 : Brentwood Park

Aerial overview of property's location with property parcel outlined and a mountainous backgroundbanner
$108,000,000
Prop. Type:
Land Commercial
MLS® Num:
C8074132
Status:
Active
HIGH-RISE DEVELOPMENT OPPORTUNITY – 3rd Reading Approved - A premier 4.29-acre, transit-oriented high-rise development site located immediately beside Holdom Station on the Millennium Line, just one stop from Brentwood Town Centre. This rare offering presents a large-scale, high-density development opportunity in the rapidly evolving and highly desirable Brentwood neighbourhood. The existing project is nearly entitled with 3rd Reading approval in place, significantly reducing development risk and timeline. The current ownership group has completed plans for a three-tower project totaling over 1.3 million sq.ft. of proposed gross floor area. Drawings and reports upon request to qualified buyers, please contact listing agents for further information.
Sale Type:
Asset or Share
Lease Term:
12 Months
Sublease:
Yes
Ownership:
Freehold
Property Type:
Land Commercial
Name of Complex/Subdivision:
Revs Burnaby Bowling Centre
Year built:
1962 (Age: 63)
Living Area:
Switch units of measure1.48 acre(s)
Subject Property Depth:
Switch units of measure492'
Subject Property Width:
Switch units of measure379'
Contiguous Spc:
Switch units of measure1.48 acre(s)
Lot Area:
Switch units of measure4.29 acre(s)
Acres Freehold:
Switch units of measure4.29 acre(s)
Zoning:
Potential to Redevelop:
NCP: Brentwood Town Centre: High Density Multiple Family Res, No
Fencing:
# Of Parking Spaces - Total:
Road Frontage:
Heating:
Electricity:
Yes
Services Connected:
Cable Connected, Electricity Connected, Fully Serviced, Garbage Collection, Natural Gas Connected
Sewer:
Public Sewer
Env Assmt Comment:
Phase 1 and 2 completed by PGL
Parcel Number:
002789906
Taxes:
$846,159.91 / 2025
No
Yes
Water Supply:
Public
Water Rights:
No
Roof:
Potential to Redevelop:
NCP: Brentwood Town Centre: High Density Multiple Family Res, No
Env Assmt Phase:
Yes
Cap Rate %:
Gross Income:
Oper. Expenses:
Other Income:
Effective Gross Income:
Net Operating Income:
Previous Price:
Original Price:
Listed by Oakwyn Realty Ltd. and Sutton Group-West Coast Realty
Data was last updated November 28, 2025 at 09:40 PM (UTC)
TIMOTHY TURNER
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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
Copyright 2025 by the Greater Vancouver REALTORS®, Fraser Valley Real Estate Board and Chilliwack & District Real Estate Board. All Rights Reserved.
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Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.