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$ 2,999,999
Est. payment | /mo
6 Beds
5 Baths
4,343 SqFt
$ 2,999,999
Est. payment | /mo
6 Beds
5 Baths
4,343 SqFt
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
Listed by RE/MAX City Realty
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