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$1,950,000

4505 MARINE DRIVE

Burnaby BC V5J 3G1 - South Slope

2 bd

1 ba

1,268 sqft

Built 1952

About This Property

BUILDERS AND INVESTORS!! This is a tremendous opportunity for a 13,532 square foot development site on the high side of Marine Drive in Burnaby. Provincial and municipal densification changes have reduced efforts and costs to developers to increase the housing supply in the lower mainland which includes this unique property. The new R1 designation will allow your client to build anywhere up to 12 dwelling units on this property if subdivided, or up to 6 dwelling units as is, or anywhere in between if your client wishes to build for themselves with the bonus of added rental revenue from additional units! There is also the potential for a land assembly of additional properties for serious inquiries, and, the City of Burnaby has allowed for a delayed payment process for DCC’s and CAC’s.

Features

Carport Single

Open

Front Access

Shopping Nearby

Room measurements5 rooms▸

KitchenMain · 10' × 15'

Living RoomMain · 10' × 20'

BedroomMain · 10' × 10'

StorageBelow · 12' × 24'

Property Details

MLS NumberR3092640

Property TypeSingle Family Residence

Bedrooms2

Bathrooms1

Square Feet1,268

Lot Size13,532.71 sqft

Year Built1952

Parking Spaces1

HeatingForced Air, Natural Gas

Days on Market167

StatusActive

Listed BySutton Centre Realty

School Catchment

Elementary Nelson

Secondary Burnaby South

Neighbourhood

Highlighted area = this home's census tract (StatCan), the boundary the neighbourhood stats describe.

$1,640,000Median home value

$102,000Median household income

75.6%Owner-occupied

46.2%Single-detached homes

2.9Avg household size

42.4Median age

47.1%Bachelor's degree or higher (25-64)

51.1%Commute under 30 min

75.2%Drive to work

51.3%Foreign-born residents

3,767Neighbourhood population

Age

Under 1512.9%
15 to 6468.3%
65 and over18.8%

Household size

1 person19%
232.3%
317.1%
417.9%
5 or more13.7%

Language spoken at home

41.6% English mother tongue

Mandarin16.2%
Cantonese11.6%
English + other4.7%
Punjabi4.5%
Tagalog2.7%
Korean1.6%
All others17.1%

Mother tongue, share of 3,760 residents.

How this pocket differs

notably more 5+ person households than Burnaby South 13.7% vs 7.7%
notably fewer people living alone than Burnaby South 19% vs 30.4%
more 4-person households than Burnaby South 17.9% vs 12.3%
notably more Punjabi speakers than Burnaby South 4.5% vs 2.3%
Median dwelling value is notably higher than Metro Vancouver $1,640,000 vs $1,050,000

Source: Statistics Canada, Census of Population, 2021. Reproduced and distributed on an "as is" basis with the permission of Statistics Canada.