6730 Burlington Avenue, Burnaby

6730 Burlington Avenue, Burnaby

$11,500,000 - Sold

Property Attachments

    Mid-rise development site approx. 400 meters to SkyTrain

    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.

    Development Potential

    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

    Property on Map

    Property Attachments

      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.