This is a rare opportunity to invest in two, side-by-side, cash flow producing apartments, with great potential for future redevelopment. Recent rezoning bylaws are changing the face of Metrotown, even further solidifying it as a central hub for the Greater Vancouver Region.
The Metrotown area continues to entice home owners as the area provides endless amenities including restaurants and high end shops, parks, recreational centers, and convenient transit connecting to the rest of the Lower Mainland.
The subject property is only a 7-minute walk from Metrotown SkyTrain Station, and 15 minutes from Metrotown Mall. Also in close proximity, you will find multiple grocery stores, schools and ample green space including and Central Park.
The Key Details
|Civic Address||4250 & 4268 Maywood St, Burnaby, BC V5H 2J3|
|Total Site Area||30,167 SF|
|Designated OCP Zoning||RM-4s|
|Potential Floor-Area Ratio (FAR)||6.15*|
|Potential Buildable Square Footage||185,527 BSF*|
|Price||$21,000,000 ($279/BSF at 2.5 base FAR)|
|Potential Addition of City Properties||6562 & 6588 Willingdon Ave can be acquired to give potential site area of 37,675 SF and potential buildable square footage of 231,701 BSF*|
|*to be confirmed by the City|
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.