DEVELOPER & INVESTOR OPPORTUNITY — Exceptional holding property in Burnaby’s rapidly evolving growth corridor. Preliminary drawings available for 2 duplexes comprising 4 sellable units, with additional potential for future high-rise redevelopment under the OCP (buyer to verify with City). The existing 2-storey residence offers 7 bedrooms, over $150,000 in…
DEVELOPER & INVESTOR OPPORTUNITY — Exceptional holding property in Burnaby’s rapidly evolving growth corridor. Preliminary drawings available for 2 duplexes comprising 4 sellable units, with additional potential for future high-rise redevelopment under the OCP (buyer to verify with City). The existing 2-storey residence offers 7 bedrooms, over $150,000 in recent renovations, and strong holding income with quality tenants generating approx. $5,000/month. Situated on a flat, usable lot in a prime location near Lougheed Mall, SkyTrain, Walmart, parks, schools, and the future recreation centre. An outstanding opportunity to hold, build, rent, or assemble in a high-demand area with significant long-term upside.
Features
Storage
No Outdoor Area
Carport Single
Open
RV Access/Parking
Shopping Nearby
Room measurements12 rooms▸
Living RoomMain · 0'0 × 0'0
Dining RoomMain · 0'0 × 0'0
Eating AreaMain · 0'0 × 0'0
KitchenMain · 0'0 × 0'0
Primary BedroomMain · 0'0 × 0'0
BedroomMain · 0'0 × 0'0
BedroomMain · 0'0 × 0'0
KitchenBsmt · 0'0 × 0'0
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Floor plan
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Property Details
MLS NumberR3122483
Property TypeSingle Family Residence
Bedrooms7
Bathrooms2
Square Feet2,399
Lot Size6,910 sqft
Year Built1958
HeatingForced Air, Natural Gas
Days on Market103
StatusActive
Listed ByTeam 3000 Realty Ltd.
School Catchment
ElementaryLyndhurst
MiddleÉcole Banting Middle
SecondaryBurnaby Mountain
Neighbourhood
Highlighted area = this home's census tract (StatCan), the boundary the neighbourhood stats describe.
$750,000Median home value
$101,000Median household income
76.5%Owner-occupied
16%Single-detached homes
2.6Avg household size
40.8Median age
40.2%Bachelor's degree or higher (25-64)
47.9%Commute under 30 min
77.3%Drive to work
38.2%Foreign-born residents
4,907Neighbourhood population
Age
Under 1515.4%
15 to 6470.4%
65 and over14.2%
Household size
1 person21.7%
231.1%
320.4%
419.6%
5 or more7.2%
Language spoken at home
54.6% English mother tongue
Mandarin7.9%
Cantonese7.6%
Korean4.8%
English + other4%
Tagalog3%
Spanish2.2%
All others15.9%
Mother tongue, share of 4,910 residents.
How this pocket differs
more 4-person households than Burnaby North 19.5% vs 13.2%
fewer people living alone than Burnaby North 21.7% vs 29.8%
notably more Tagalog speakers than Burnaby North 3% vs 1.6%
notably fewer Cantonese speakers than Burnaby North 7.6% vs 11.7%
more Korean speakers than Burnaby North 4.8% vs 3.7%
Median dwelling value is lower than Metro Vancouver $750,000 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.
Ped NaimiPersonal Real Estate Corp
Vinod BashirPersonal Real Estate Corp
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