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Contact your
REALTOR® for this property 
Ian Brett
Phone: (604) 968-7539 ian@captainvancouver.com |
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| Property Details | |||
| 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:5347) | |||
| Property Value: | $2,999,999 | Living Area: | 4343 sq.ft. |
| Year Built: | 1978 | Bedrooms: | 6 |
| House Type: | House | Bathrooms: | 5 |
| Property Type: | Single Family | Owner Type: | Freehold |
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Appliances: All Features: Private setting Fixtures: Drapes/Window coverings Amenities: Laundry - In Suite View: View Added to MLS: 2025-05-27 00:30:04 |
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Naomi Wang | RE/MAX City Realty