About This Property
Land Assembly! Area ready for redevelopment! 3 lots totalling 23,424 sq ft can be sold as a package. 4965 and 5017 Pioneer Avenue can be sold in conjunction with 4949 Pioneer Avenue. The draft Burnaby OCP 2050 designates 6 story apartments for this assembly. Each lot currently is zoned for a 6 unit Multiplex. (potentially 18 units in total) Prime South Burnaby location close to Metrotown,BCIT,Highway 1, City Hall, 2 schools and Brentwood. The subject site with three very livable houses strategically located half a block from Willingdon Avenue, an artery running throughout Burnaby providing direct access to Highway 1,Lougheed Hwy and Kingsway.A great opportunity with a terrific upside! (id:64973)
The asking price of $2,700,000 for this 2,092 sq ft vacant land in Burnaby's Metrotown area translates to $1,290 per sq ft, which is competitive given the property's prime location and redevelopment potential. This multi-lot assembly is well-suited for experienced real estate developers seeking to capitalize on the city's plans for 6-story apartment buildings in the area.
Property Details
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