Prime Development Opportunity in East Burnaby! City of Burnaby pre-engineering approval is secured for a six-unit development on this 66 x 113 ft. corner lot, just two blocks from Edmonds Street and minutes from Edmonds SkyTrain Station. Originally the property was approved for a two-lot subdivision but with new zoning they have advanced the project staying as 1 lot and 6 units with approved building plans just 4 months away. As a bonus, a rentable three-level character home currently occupies the property, offering immediate rental income for those looking to hold and invest. Located in a vibrant, family-friendly neighborhood, this property is within walking distance of elementary and secondary schools, as well as the Highgate Shopping Centre for all your daily essentials.
Address
7386 Humphries Avenue
List Price
$2,650,000
Property Type
Land
Type of Dwelling
Land
Structure Type
Land Only
Area
Burnaby East
Sub-Area
Edmonds BE
Lot Size
7458 Sq. Ft.
Lot Size Dimensions
66 x 113
Lot Size (Acres)
0.17 Ac.
Lot Features
Central Location, Recreation Nearby
Lot Size Units
Square Feet
Frontage Length
66
MLS® Number
R2962941
Listing Brokerage
RE/MAX Crest Realty
Postal Code
V3N 3E5
Zoning
R1
Ownership
Freehold NonStrata
Tax Amount
$7,209.02
Tax Year
2024
Site Influences
Central Location, Near Shopping, Recreation Nearby
Community Features
Near Shopping
Board Or Association
Greater Vancouver