4505 Marine Dr, Burnaby, BC V5J 3G1
- $1,950,000
- 2
- BD
- 1
- BA
- 1,268
- SqFt
- List Price
- $1,950,000
- Status
- ACTIVE
- MLS® #
- R3092640
- Price Change
- ▼ $300,000 1783391603
- Year Built
- 1952
- Subtype
- Single Family Residence
- Style
- Bungalow
- Stories
- 2
- Bedrooms
- 2
- Total baths
- 1
- Living Area
- 1,268
- Area
- Burnaby South
- Community
- South Slope
Property Description
BUILDERS AND INVESTORS!! This is a tremendous opportunity for a 13,532 square foot development site on the high side of Marine Drive in Burnaby. Provincial and municipal densification changes have reduced efforts and costs to developers to increase the housing supply in the lower mainland which includes this unique property. The new R1 designation will allow your client to build anywhere up to 12 dwelling units on this property if subdivided, or up to 6 dwelling units as is, or anywhere in between if your client wishes to build for themselves with the bonus of added rental revenue from additional units! There is also the potential for a land assembly of additional properties for serious inquiries, and, the City of Burnaby has allowed for a delayed payment process for DCC’s and CAC’s.
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Additional Information
- Lot Size
- 13,532
- Amenities
- Near Shopping
- Site Influences
- Central Location, Golf, Lane Access
- Acres
- 0.31
- Region
- Burnaby South
- Title To Land
- Freehold NonStrata
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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.