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5502 Lougheed Highway
Brentwood Park Burnaby V5B 2Z8

$108,000,000
Land Commercial

Aerial overview of property's location with property parcel outlined and a mountainous background
Photo 1: 5502 Lougheed Highway, Burnaby - Brentwood Park
Photo 2: 5502 Lougheed Highway, Burnaby - Brentwood Park
Photo 3: 5502 Lougheed Highway, Burnaby - Brentwood Park
Photo 4: 5502 Lougheed Highway, Burnaby - Brentwood Park
Photo 5: 5502 Lougheed Highway, Burnaby - Brentwood Park
Photo 6: 5502 Lougheed Highway, Burnaby - Brentwood Park
Status:
Active
Prop. Type:
Land Commercial
MLS® Num:
C8074132
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:
1.48 acre(s)
Subject Property Depth:
492'
Subject Property Width:
379'
Contiguous Spc:
1.48 acre(s)
Lot Area:
4.29 acre(s)
Acres Freehold:
4.29 acre(s)
Potential to Redevelop:
NCP: Brentwood Town Centre: High Density Multiple Family Res, No
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
Potential to Redevelop:
NCP: Brentwood Town Centre: High Density Multiple Family Res, No
Env Assmt Phase:
Yes
  • Photo 1: 5502 Lougheed Highway, Burnaby - Brentwood Park
    Aerial overview of property's location with property parcel outlined and a mountainous background
  • Photo 2: 5502 Lougheed Highway, Burnaby - Brentwood Park
    Aerial view of property's location featuring property boundaries highlighted
  • Photo 3: 5502 Lougheed Highway, Burnaby - Brentwood Park
    Bird's eye view
  • Photo 4: 5502 Lougheed Highway, Burnaby - Brentwood Park
    Detailed view
  • Photo 5: 5502 Lougheed Highway, Burnaby - Brentwood Park
    Property at night with a water view
  • Photo 6: 5502 Lougheed Highway, Burnaby - Brentwood Park
    View of apartment building / complex
Listed by Oakwyn Realty Ltd. and Sutton Group-West Coast Realty
Data was last updated November 28, 2025 at 12:40 PM (UTC)
AMAR SHAN
DANA BALAN
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Navigating Commercial Real Estate Landscape in Vancouver, BC

Vancouver, BC, stands as a beacon of economic prosperity and cultural diversity, drawing businesses and investors alike to its dynamic commercial real estate market. In this article, we’ll delve into the thriving commercial landscape of Vancouver, exploring key trends, popular sectors, and the factors contributing to the city’s robust real estate sector. Whether you’re an entrepreneur seeking the perfect storefront or an investor eyeing the stability and growth potential of Vancouver’s commercial market, the opportunities are as diverse as the properties themselves. Explore BC commercial properties, especially in Vancouver, and discover a landscape ripe for business success and investment ventures.

Diverse Commercial Sectors

Vancouver’s commercial real estate market spans a diverse array of sectors, catering to the multifaceted needs of businesses. From vibrant retail spaces in bustling neighborhoods like Gastown to sleek office towers in the central business district, the city offers a spectrum of opportunities. The industrial sector, particularly in areas like Mount Pleasant, has also witnessed significant growth, driven by the rise of tech companies and creative industries.

Tech Hub and Innovation

As a burgeoning tech hub, Vancouver has become a magnet for innovative companies seeking prime office spaces to foster creativity and collaboration. The city’s strategic location, coupled with its quality of life, has attracted major players in the tech industry, contributing to the demand for modern, adaptable office spaces.

Green Initiatives and Sustainability

Vancouver places a strong emphasis on sustainability, influencing its commercial real estate landscape. The city’s commitment to green building practices has led to a surge in environmentally conscious developments. LEED-certified buildings and energy-efficient spaces have become integral components of the commercial market, appealing to businesses with a focus on sustainability.

Challenges and Opportunities

Despite its robustness, Vancouver’s commercial real estate market is not without challenges. Limited available space in key areas and rising property values pose obstacles for businesses seeking prime locations. However, this scarcity has also spurred innovative projects, such as mixed-use developments that seamlessly blend residential and commercial spaces.

Investment Appeal

Investors are drawn to Vancouver’s commercial real estate market for its stability and long-term growth potential. The city’s strategic geographical location, strong economic fundamentals, and commitment to innovation create an attractive environment for those looking to diversify their portfolios.

Conclusion: Vancouver, BC Commercial Properties

Vancouver’s commercial real estate landscape continues to evolve, shaped by economic trends, sustainability initiatives, and the city’s commitment to innovation. Whether you’re a local business looking to expand or a global investor seeking lucrative opportunities, Vancouver’s dynamic and diverse commercial real estate market provides a wealth of possibilities.