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.
Address
4505 Marine Drive
List Price
$2,250,000
Property Type
Residential
Type of Dwelling
Single Family Residence
Style of Home
Rancher/Bungalow w/Bsmt.
Structure Type
Residential Detached
Transaction Type
Sale
Area
Burnaby South
Sub-Area
South Slope
Bedrooms
2
Bathrooms
1
Floor Area
1,268 Sq. Ft.
Main Floor Area
980
Lot Size
13532.71 Sq. Ft.
Lot Size Dimensions
66.39 x 233
Lot Size (Acres)
0.31 Ac.
Lot Features
Central Location, Near Golf Course, Lane Access
Lot Size Units
Square Feet
Total Building Area
1268
Frontage Length
66.39
Year Built
1952
MLS® Number
R3092640
Listing Brokerage
Sutton Centre Realty
Basement Area
Partial
Postal Code
V5J 3G1
Zoning
R1
Ownership
Freehold NonStrata
Parking
Carport Single, Open, Front Access
Parking Places (Total)
5
Tax Amount
$6,310.79
Tax Year
2025
Site Influences
Central Location, Lane Access, Near Golf Course, Shopping Nearby
Community Features
Shopping Nearby
Appliances
Washer/Dryer, Dishwasher, Refrigerator, Stove
Board Or Association
Greater Vancouver
Heating
Yes
Heat Type
Forced Air, Natural Gas
Carport
Yes
Carport Spaces
1
Number Of Floors In Property
2
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