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For new mortgages, if the downpayment or equity is less then 20% of the purchase price, the amortization cannot exceed 25 years and the maximum purchase price must be less than $1,000,000.
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2884
Sq.Ft.
3
Baths
5
Beds
6,566
Lot SqFt
1976
Built
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Description
Builders and Investors - Prime development opportunity in Central Burnaby! This 6,566 sf rectangular lot has already been subdivided into two lots. Build now or hold for even greater potential for multi-family when combined with neighboring lots. Please verify with the City of Burnaby''s transit oriented development plan. Bonus is a 5 bedroom 3 bathroom home with 2 separate suites that can generate good income, with each suite having their own kitchen and laundry. Centrally located and only 2 min drive to Metrotown, skytrain, schools, Central Park, Bonsor community centre, grocery, and award-winning restaurants.
Taxes (2024): $6,418.12
Amenities
Shopping Nearby
Features
Washer
Dryer
Dishwasher
Refrigerator
Stove
