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 5277 Imperial St right next door. Don't miss this chance. Book your showing today. (id:64973)
At $1,299 per square foot, this Burnaby property is priced significantly above the city's average of $900 per square foot for similar-sized single-family homes. However, the lot's potential for a 12-story midrise development makes it an exceptional opportunity for experienced investors and builders seeking to maximize the value of the land. Given the property's size and development potential, this listing is best suited for real estate investors and developers looking to capitalize on the growing demand for higher-density housing in Burnaby's Royal Oak neighborhood, where the new community plan supports this type of redevelopment.
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