Royal Crest Apartments
7165 Fulton Avenue

SOLD

Cushman and Wakefield is pleased to announce the successful sale of Royal Crest Apartments, a 48-suite rental apartment building, situated on an expansive 38,115 square feet of RM-3 designated land in Burnaby’s Edmonds Town Centre neighbourhood.

At the time of the sale, Royal Crest Apartments, located at 7165 Fulton Avenue provided an opportunity to acquire a value-add multifamily building of scale in a prime location that is within walking distance to an abundance of commercial and community amenities. Improved on a large 264’ x 144’ lot, the Property is a three storey, wood-frame with a great suite mix of spacious one and two-bedroom suites.

Edmonds Town Centre

The City of Burnaby has experienced phenomenal growth in the last decade as the urbanization of Burnaby’s four town centres have become the City’s driving force for growth and investment in the area. Edmonds Town Centre is located in Burnaby’s south eastern quadrant, an area that is primarily residential, with a commercial core lined with retailers that runs along Kingsway. Royal Crest is located three blocks north of Kingsway and Edmonds Street.

Situated on an expansive corner parcel, the Property sits on the northwest corner of Vista Crescent and Fulton Avenue, just a few steps to the newly renovated Edmonds Community Centre. The Property’s location offers a convenient access point to a plethora of neighbouring amenities including, Highgate Village Shopping Centre, Tommy Douglas Library and Edmonds SkyTrain Station.

The surrounding area has seen new development in recent years which includes Kings Crossing by Cressey, Precedence and Southgate City by Ledingham McAllister.