The City of Burnaby’s central position within the Lower Mainland and the appeal of the city as a place to work, invest and live in, has led to many desirable developments in the region.
This prime development site, is located just minutes away from Royal Oak SkyTrain Station and is within short walking distance to a wide selection of local restaurants, boutique stores, and popular parks. Along with the attraction of a quiet residential neighbourhood, a major appeal is the site’s proximity to Metropolis at Metrotown, the largest shopping centre in British Columbia and the host of nearly 400 stores and services.
Under the RM-4s designation the property can be constructed into a medium to high rise condominium building. Buyers must check with the city planning to determine concrete details but it is anticipated within Official Community Plan Guidelines that the height can reach up to 20 storeys. With current Condo pricing surging in this market take advantage of moving price per finished square foot targets and a co-operative municipality that generally supports new development applications.
Property details | |
Site Area | 16,335 square feet |
Designated Buildable Square Footage | 58,806 square feet This mid-block property is beside an apartment to the north and south. Future assembly potential exists. |
Current Land Use | Multi-family apartment block |
Total Suite Mix | 13 one-bedrooms and 5 two-bedrooms |
Year Built | 1965 |
Designated OCP Zoning | RM-4s |
Potential Floor-Area Ratio | 3.6 |
Price | $11,500,000 |
Price per Buildable Square Footage | $282 |
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and the same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice, and of any special listing conditions imposed by our principals no warranties or representations are made as to the condition of the property or any hazards contained therein are any to be implied.
Personal Real Estate Corporation
Team Principal
(604) 349-1571
brandon@apartmentblocks.ca
Brandon Harding is the authority on Land Assembly, a published writer, and a community leader for changing land use in updating Official Community Plans. He is a second generation realtor that has personally transacted over $1,000,000,000+ in sales. Organizing and transacting land has been his passion since listening and learning about the positive impact that can result from successful assemblies through his father, who has been a Commercial Realtor since 1980. Brandon successfully transacted the largest high density land assembly by number of homes.
Brandon has developed the homeowner eligibility test and the PROACTIVE sales funnel, which has revolutionized land assembly and simplified the process for property owners while systematically achieving unmatched results.
Brandon is a thought leader in Commercial Real Estate. Some of his work is published on RENX, LandlordBC, and the Western Investor.
Brandon’s a community coordinator helping homeowners organize, strategize, and deliver a unified voice to Mayors, Councilors, and planning departments. This has led to thousands of property owners achieving higher designations for their properties and making them millions in increased land value. He has the experience and knowledge to empower real change that leads to life changing benefits.