4505 Marine Drive
About this House
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.
Listed by Sutton Centre Realty.
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.
Listed by Sutton Centre Realty.
Listing Details
- MLS®: R3092640
- Bedrooms: 2
- Bathrooms: 1
- Type: House
- Square Feet: 1,268 sqft
- Lot Size: 13,533 sqft
- Frontage: 66.39 ft
- Full Baths: 1
- Half Baths: 0
- Taxes: $6310.79
- Parking: Carport Single, Open, Front Access (5)
- Basement: Partial
- Storeys: 2 storeys
- Year Built: 1952
- Style: Rancher/Bungalow w/Bsmt.
Brought to you by your friendly REALTORS® through the MLS® System, courtesy of Karin Ericson for your convenience.
Disclaimer: 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 Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.
Neighbourhood Intelligence by HoodQ
Here is a brief summary of some amenities close to this listing (4505 Marine Drive, South Slope, Burnaby South), such as schools, parks & recreation centres and public transit.
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