Listing Details
For more information on this listing or other please contact me.
Data was last updated 2025-05-31 at 20:13:47 GMT
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 !
Listing Information
- Prop. Type:
- Single Family Residence
- Property Style:
- 4 Level Split
- Status:
- Active
- City:
- Burnaby
- Bedrooms:
- 6
- Full Bathrooms:
- 5
- Neighborhood:
- Government Road
- Area:
- Burnaby North
- Province:
- British Columbia
- MLS® Number:
- R3007412
- Listing Price:
- $2,999,999
- Taxes:
- $7,991
General Information
- Year Built:
- 1978
- Lot Size (sqft):
- 18094.1 ft2
- Total Square Feet:
- 4343ft2
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This property is listed by RE/MAX City Realty and provided here courtesy of
Paul Bale.
For more information or to schedule a viewing please contact Paul Bale.
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