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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.
| Basement Finished Area (sqft) | 1268 |
|---|---|
| Basement Features | Full |
| Appliances Included | Washer/Dryer, Dishwasher, Refrigerator, Stove |
| Interior Features | Storage |
| Heating Type | Forced Air, Natural Gas |
| # of Kitchens | 2 |
| Foundation | Concrete Perimeter |
| Exterior Features | No Outdoor Area |
|---|---|
| Roof | Asphalt |
| Structures | Residential Detached |
| Price | $2,395,000 |
|---|---|
| Total Bedrooms | 7 |
| Total Bathrooms | 2 |
| Full Bathrooms | 2 |
| Half Bathrooms | 0 |
| Floor Area Total (sqft) | 2399 |
| Year Built | 1958 |
| Age Of Building | 68 |
| Building Type | Single Family Residence |
| Property Type | Residential |
| Architecture Style | Split Entry |
| Stories | 2 |
| Ownership Type | Freehold NonStrata |
| Community Features | Shopping Nearby |
| Utility Type | Electricity Connected, Natural Gas Connected, Water Connected |
| Utility Sewer | Public Sewer, Sanitary Sewer, Storm Sewer |
| Water (WaterSource) | Public |
| Parking Type | Carport Single, Open, RV Access/Parking |
| Lot Size | 6910 |
|---|---|
| Lot Size Depth | Feet |
| Lot Size Frontage | 58 |
| MLS® # | R3122483 |
| Area | Burnaby North |
| Neighbourhood | Sullivan Heights |
| City | Burnaby |
| Postal Code | V3J 1G9 |
| Gross Taxes | $5,696.83 |
| Zoning | R1 |
| Floor | Type | Dimensions |
|---|---|---|
| Main Level | Living Room | 0'0 x 0'0 ft |
| Main Level | Dining Room | 0'0 x 0'0 ft |
| Main Level | Eating Area | 0'0 x 0'0 ft |
| Main Level | Kitchen | 0'0 x 0'0 ft |
| Main Level | Primary Bedroom | 0'0 x 0'0 ft |
| Main Level | Bedroom | 0'0 x 0'0 ft |
| Main Level | Bedroom | 0'0 x 0'0 ft |
| Basement Level | Kitchen | 0'0 x 0'0 ft |
| Basement Level | Bedroom | 0'0 x 0'0 ft |
| Basement Level | Bedroom | 0'0 x 0'0 ft |
| Basement Level | Bedroom | 0'0 x 0'0 ft |
| Basement Level | Bedroom | 0'0 x 0'0 ft |
| Floor | Ensuite | Pieces |
|---|---|---|
| Main Level | No | #3 |
| Basement | No | #3 |
Listed by: Team 3000 Realty Ltd.
NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.
Closest Transit
Crime Rate
Demographics
Noise/ Power Lines
Other
| School | Type | Grades Served | Catchment Info | Rating | Distance |
|---|---|---|---|---|---|
Comparable data is unavailable at the neighbourhood level. City-wide in Burnaby, similar Single Family Residences average $1,918,333 across 3 active listings — this listing is 24.8% above the Burnaby average.
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