8246 Burnlake Drive Burnaby, British Columbia V5A 3K9
$2,999,999
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:60626)
Property Details
| MLS® Number | R3007412 |
| Property Type | Single Family |
| Amenities Near By | Recreation, Shopping |
| Features | Private Setting |
| Parking Space Total | 6 |
| View Type | View |
Building
| Bathroom Total | 5 |
| Bedrooms Total | 6 |
| Amenities | Laundry - In Suite |
| Appliances | All |
| Architectural Style | 4 Level |
| Basement Development | Finished |
| Basement Features | Unknown |
| Basement Type | Unknown (finished) |
| Constructed Date | 1978 |
| Construction Style Attachment | Detached |
| Fireplace Present | Yes |
| Fireplace Total | 2 |
| Fixture | Drapes/window Coverings |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 4,343 Ft2 |
| Type | House |
Parking
| R V |
Land
| Acreage | No |
| Land Amenities | Recreation, Shopping |
| Landscape Features | Garden Area |
| Size Frontage | 87 Ft ,2 In |
| Size Irregular | 18094.11 |
| Size Total | 18094.11 Sqft |
| Size Total Text | 18094.11 Sqft |
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May 31 2025 10:57:53
Greater Vancouver REALTORS®
RE/MAX City Realty
