8246 Burnlake DR new Save Request In-Person Tour Request Virtual Tour
Burnaby,BC V5A 3K9
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 4,343 sqft
Price per Sqft $690
MLS Listing ID R3007412
Style 4 Level Split
Bedrooms 6
Full Baths 3
HOA Y/N No
Year Built 1978
Lot Size 0.420 Acres
Property Sub-Type Single Family Residence
Property Description
This prime 18,091 sqft development lot in Burnaby's Government Road neighborhood offers exceptional potential for multi-family or subdivision projects, currently zoned R1 with a 3.0 FAR density (54,273 sqft buildable). The property, assessed at $2,557,000 ($2,292,000 land, $265,000 improvements), is priced below future value, with a minimum land valuation of $8.1M+ (18,091 sqft x 3.0 FAR x $150/sqft). Options include an 8-storey apartment development, subdivision into 8 luxury homes (est. $1.8M–$2.2M+ each), or 4 smaller homes, with rental income of $6,500/month. Nearby schools include Seaforth Elementary and Burnaby Mountain Secondary, and the area scores 82/100 for transit. Includes survey plans—ideal for developers or investors awaiting rezoning. Priced at $2,999,999.Act now !
Location
Province BC
Community Government Road
Area Burnaby North
Zoning R1
Rooms
Kitchen 2
Interior
Heating Forced Air,Natural Gas
Flooring Hardwood,Laminate,Tile,Wall/Wall/Mixed
Fireplaces Number 2
Fireplaces Type Gas
Window Features Window Coverings
Appliance Washer/Dryer,Dishwasher,Refrigerator,Stove
Laundry In Unit
Exterior
Exterior Feature Garden,Balcony,Private Yard
Fence Fenced
Community Features Retirement Community,Shopping Nearby
Utilities Available Community,Electricity Connected,Natural Gas Connected
View Y/N Yes
View Mountains
Roof Type Other,Torch-On
Porch Patio,Deck
Total Parking Spaces 6
Garage No
Building
Lot Description Private,Recreation Nearby
Story 4
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Others
Ownership Freehold NonStrata