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Burnaby,BC V5B 3C8
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type Asset
MLS Listing ID C8069986
Year Built 1947
Lot Size 217.000 Acres
Property Description
An opportunity to purchase a boutique low-rise residential development site adjacent to the Burnaby Heights neighbourhood for redevelopment of up to 6 storeys with the upcoming adoption of the Burnaby 2050 OCP in late 2025. The property is situated on the southeast corner of Delta Avenue and Hastings Street, which provides convenient access to Downtown Vancouver, Brentwood Town Centre, Simon Fraser University and Highway 1. The property, with a lot size of 9,461 SF, is also a block east of Burnaby Heights, a dynamic retail corridor known for its diverse commercial district, friendly merchant culture, and a vibrant community atmosphere. The area is popular with students, families, and young professionals, supporting a strong demand for more housing. The property is improved with a duplex circa 1947 with 4 rental units. Each rental unit has its own washer and dryers and generate a stable rental income.
Location
Province BC
Community Capitol Hill Bn
Area Burnaby North
Zoning RM3
Building
Sewer Public Sewer
Water Public
Others
Restrictions None Known
Ownership Freehold