Site of the Kingsway Honda redevelopment at 6948 Kingsway, Burnaby. (Google Maps)
Site of the Kingsway Honda redevelopment at 6948 Kingsway, Burnaby. (IBI Group/Open Auto Group)
Site of the Kingsway Honda redevelopment at 6948 Kingsway, Burnaby. (Google Maps)
Both buildings will have a combined total of 426 homes, including 346 condominium units, 69 rental homes, and 11 townhomes.
The condominium unit mix is 75 studios, 37 one-bedroom units, 195 two-bedroom units, and 39 three-bedroom units, while the rental home unit mix is 15 studios, 12 one-bedroom units, 30 two-bedroom units, and 12 three-bedroom units.
The rental housing component is guided by the city’s Rental Use Zoning Policy stream that tops off a strata residential building with 20% additional homes that are rentals, and the further stipulation that 25% of the rental homes (17 units) be set at below-market rates. The remaining 51 rental homes will be set at market rates.
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