4425 & 4459 Canada Way

Investment Overview

Avison Young is offering two (2) freestanding industrial properties on Canada Way in Central Burnaby: 4425 Canada Way (12,000 sf) and 4459 Canada Way (4,080 sf), totaling 16,080 sf. Available individually or together, the properties are zoned M1 with proposed E1 zoning, allowing for expanded industrial and commercial uses.

Both buildings have undergone significant capital improvements, including major upgrades to roofing, HVAC, mechanical components, access doors, and interior finishes, reflecting a well-maintained and high-quality asset with reduced near-term capital requirements. The offering presents a flexible, high-quality opportunity for investors or owner-users in a prime Burnaby location.

Investment Highlights

• Two (2) freestanding industrial buildings totaling 16,080 sf on 1.08 acres
• High-exposure frontage along Canada Way in Central Burnaby
• Multiple points of access and egress along both Canada Way and Norfolk Street
• Ability to purchase individually or as a combined offering
• M1 zoning with proposed E1 designation allowing expanded commercial uses
• Significant recent capital improvements across both buildings
• Strong connectivity with direct access to the Trans-Canada Highway and proximity to Brentwood
• Flexible occupancy: owner-user opportunity with potential leaseback and near-term lease expiry
• Approximately 57 total on-site parking stalls across both properties
• Well-maintained assets with upgraded roof, HVAC, mechanical and interior systems
• Located directly across from the kʷasʷn Village masterplan redevelopment in an emerging area with strong potential for future higher density uses