About This Property
Opportunities like this do not come around often. A 12 storey development lot for the price of a standard single family lot makes this is the best redevelopment opportunity in Burnaby! Right at the cross street of Royal Oak & Imperial. This expansive 6273 sqft south-facing lot is an exceptional MULTIPLEX 12 storey MID-RISE DEVELOPMENT OPPORTUNITY perfect for investors and builders alike. Located on Imperial St and Royal Oak (part of the new Royal Oak community plan) just steps from Royal Oak Skytrain Station, minutes from Metrotown, Easy access to public transit, Highgate village, Schools & Parks. The Property can be sold individually or packaged with 5263 Imperial St right next door. Don't miss this chance. Book your showing today. (id:64973)
At $1,136 per square foot, this Burnaby property is priced significantly above the city's single-family home average of $940 per square foot, suggesting a premium for its redevelopment potential. Given the 12-storey zoning and proximity to the Royal Oak SkyTrain station, this lot is best suited for experienced developers looking to capitalize on the growing demand for high-density housing in the emerging Royal Oak community.
Property Details
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