8246 BURNLAKE DRIVE Active Save Request In-Person Tour Request Virtual Tour
Burnaby,BC V5A3K9
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 4,343 sqft
Price per Sqft $690
MLS Listing ID R3007412
Style 4 Level
Bedrooms 6
Year Built 1978
Lot Size 0.415 Acres
Acres 18094.11
Property Sub-Type Freehold
Source Greater Vancouver REALTORS®
Property Description
This prime 18,091 sqft development lot in Burnaby´s Government Road neighborhood offers exceptional potential for multi-family or subdivision projects, currently zoned R1 with a 3.0 FAR density (54,273 sqft buildable). The property, assessed at $2,557,000 ($2,292,000 land, $265,000 improvements), is priced below future value, with a minimum land valuation of $8.1M+ (18,091 sqft x 3.0 FAR x $150/sqft). Options include an 8-storey apartment development, subdivision into 8 luxury homes (est. $1.8M-$2.2M+ each), or 4 smaller homes, with rental income of $6,500/month. Nearby schools include Seaforth Elementary and Burnaby Mountain Secondary, and the area scores 82/100 for transit. Includes survey plans-ideal for developers or investors awaiting rezoning. Priced at $2,999,999.Act now ! (id:24570)
Location
Province BC
Rooms
Kitchen 0.0
Interior
Heating Forced air,
Fireplaces Number 2
Exterior
Parking Features No
View Y/N Yes
View View
Total Parking Spaces 6
Private Pool No
Building
Lot Description Garden Area
Architectural Style 4 Level
Others
Ownership Freehold