About This Property
Land Assembly! Area ready for redevelopment! 3 lots totalling 23,424 square ft can be sold as a package. The draft Burnaby OCP 2050 designates these properties for low-rise 6 story apartment. Prime South Burnaby location close to Metrotown, BCIT, Highway 1, City Hall 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. Great opportunity with a terrific upside. Land Assembly : 4965 and 5017 Pioneer Avenue can be sold in conjunction with 4949 Pioneer Avenue. (id:64973)
At $1,290 per square foot, this Burnaby property is priced competitively compared to the local market average of $1,450 per square foot. Given the large lot size and potential for redevelopment into a low-rise apartment building, this property is well-suited for real estate investors seeking opportunities for land assembly and densification projects in the sought-after South Burnaby area.
Property Details
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