3925 KINGSWAY BURNABY, BC

On behalf of the First Mortgage Holder, we are pleased to present the Court Ordered Sale of 29 units in South Burnaby’s Camery Gardens. The property falls within the Metrotown Downtown Plan which designates this area as part of the Central Park north area which calls for RMs4s/C2 zoning. This designation allows for future commercial podiums (office, retail, and/or service use) and high-rise residential building forms, with 2.5 FAR for residential use and 1.3 FAR for commercial. An additional 1.1 FAR is available to purchase from the City of Burnaby total a 4.9 FAR for the property.

Camery Gardens is located along Kingsway and Jersey Avenue in South Burnaby’s Metrotown area. It sits across the north end of Central Park and offers great vehicular access as it is only a few blocks east of Boundary road and a 5-minute drive to Highway 1. This property is also extremely pedestrian friendly offering an 8-minute walk to Patterson Skytrain Station, 10-minute walk to Crystal Mall, and 15-minute walk to Metrotown.