About This Property
Prime development opportunity in a Transit-Oriented Area. This 9,066 SF lot can be combined with 7148 Cardinal Court (R3096479), 7129 Cardinal Court (R2974426), and 3345 Cardinal Drive (R3052176) to create a total development site of over 43,200 SF (nearly one acre). The property is designated under Tier 3, allowing for an 8-story building with a Floor Area Ratio (FAR) of 3.0. This mostly flat lot is located on a quiet cul-de-sac at the edge of the Transit-Oriented Development Areas and offers potentially excellent views of Burnaby Lake upon redevelopment. Please do not walk on the property. For more details or to inquire further, please contact me or your realtor. (id:64973)
At $1,708 per square foot, this Burnaby property is priced significantly above the city's median single-family home price of $1,396 per square foot, suggesting it may be overvalued for its age and size. However, the property's prime development potential, with the possibility of combining adjacent lots to create a nearly one-acre site, makes it an attractive option for developers seeking to capitalize on Burnaby's growing transit-oriented areas.
Property Details
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