About This Property
Land Assembly! Area ready for redevelopment! 4965 and 5017 Pioneer Avenue can be sold in conjunction with 4949 Pioneer Avenue. 3 lots totalling 23,424 sqft can be sold as a package. The draft Burnaby OCP 2050 designates 6 story apartments for this assembly. Each lot currently zoned for a 6 unit Multiplex.(Potentially 18 units with City approval)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)
At $1,124 per square foot, this Burnaby land assembly presents a compelling value proposition compared to the city's average of $880 per square foot. The sizable lot size, zoning for high-density residential development, and strategic location near Metrotown and major transportation routes make this property an attractive opportunity for developers seeking to capitalize on Burnaby's robust real estate market.
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