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.
The Development Potential
Under the RM-4s designation the property can be constructed into a high-rise condominium building. Buyer’s 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.
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.