$1,699,900
6891 Burlington Avenue, Burnaby, V5J 4H3
Listed by: Macdonald Realty · MLS®
1 Bedrooms 1 Bathrooms 1,188 sqft Built 1945 Residential
About This Property
Excellent investment and holding opportunity! Situated in the Royal Oak area with significant future redevelopment potential, this property offers the possibility of future high-density development up to 20 stories (buyers to verify with the City regarding zoning and development potential). The property is being sold as is, where is, with land value being the primary consideration. Currently tenanted by long-term tenants. An ideal opportunity for investors, builders, and developers looking to secure a property in a rapidly evolving neighbourhood.
Property Details
MLS® #
R3140429
Status
Active
Type
Residential
Sub-type
Single Family Residence
Ownership
Freehold NonStrata
Bedrooms
1
Full Baths
1
Half Baths
0
Living Area
1,188 sqft
Main Floor
594 sqft
Basement
Yes
Lot Size
5,489 sqft
Lot Dimensions
50 x
Frontage
50
Year Built
1945
Age
81 years
Features & Finishes
Heating
Forced Air
Exterior Features
Balcony
Building & Community
Lot Features
Central Location, Lane Access, Recreation Nearby
Community
Shopping Nearby
Location
Open in Google MapsCoordinates: 49.220960, -122.990967 · Map data © Google
Draft CPS Offer
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Redevelopment Potential
Transit-Oriented Area — Tier 2
~210 m from Royal Oak SkyTrain station
Provincial law requires the city to allow at least 4.0 FAR and 12 storeys for residential here — well above typical single-family zoning. Potential land-assembly interest from developers.
Multiplex potential: on a ~510 m² lot, BC’s small-scale housing law requires the municipality to allow at least 4 units (up to 6 near frequent transit), where it applies.
~210 m straight-line to Royal Oak SkyTrain
