Opportunity to purchase a high-exposure, redevelopment site in the Royal Oak area of South Burnaby. The property is accessed by key highways, public transport and rail; with Royal Oak Station a 8 minute walk away. The City of Burnaby has designated the property to be within the Urban Village of Royal Oak; specifically for Medium Density Multiple Family Residential use. The property is surrounded by a wealth of amenities, including shops, restaurants, theatres and schools. The Royal Oak Area consists of approximately 560 acres of land along the Kingsway ridge between the two town centres of Metrotown and Edmonds. Beresford Avenue is roughly in the geographical centre of this area. The overall redevelopment concept is one of an urban village emphasizing low-rise buildings of generally two to four storeys, utilizing both single and mixed land use variants, and emphasizing a pedestrian oriented scale with urban design guidelines.