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Listed by RE/MAX City Realty

$2,999,999

Est. payment - /mo

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6 Beds

5 Baths

4,343 SqFt

New

8246 Burnlake DR Burnaby, BC V5A 3K9

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Mahdi Zaad

mahdi.mohammadzadeh91@gmail.com +1(778) 513-1714

UPDATED:

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

REBGV/FVREB/Chilliwack/BC Northern (Residential IDX)

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Mahdi Zaad

SRSR091811

+1(778) 513-1714

8246 Burnlake DR Burnaby, BC V5A 3K9

Mahdi Zaad

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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8246 Burnlake DR