About This Property

Large flat corner lot part of the Royal Oak Community Plan,ready for low rise development . Prime Burnaby South property on a 12220 sf+ lot with excellent development potential, located within walking distance to Royal Oak SkyTrain Station, and close to Metrotown, a highly attractive opportunity for builders, investors, OCP allows low rise 4 storey apartments or up to 6 units to be built. Located directly across the road from the newly constructed townhouses by Beedie group. Buyer to verify zoning, development potential, density, and permitted uses with the City of Burnaby. Good holding property with a rental of $8000 per month.