About This Property
ATTN: Developers - don´t miss an Incredible Development Opportunity on this amazing 9,971 flat SF lot. Neighbouring house - 5380 Cambridge also for sale. Subdivide and get four 33' lots. Located in desirable Burnaby North, this property offers endless possibilities. Excellent location, minutes to Hastings, Boutique Shopping, Brentwood Mall + Skytrain, Capitol Hill Elementary + local parks. This fabulous location is just a short drive to downtown and is perfectly suited for innovative middle-market housing solutions. Build your dream home or luxury duplex. Don´t miss out on this extraordinary chance to create something remarkable. (id:64973)
The property at 123 Grosvenor Avenue in Burnaby's desirable North neighbourhood is priced at $1,839 per square foot, which is significantly higher than the Burnaby average of $1,230 per square foot. However, its prime location, potential for subdivision, and proximity to amenities make it an attractive development opportunity for investors or builders seeking to maximize the land's value. Given the property's modest 2-bed, 2-bath layout and older construction, it is best suited for developers who can capitalize on the sizable 9,971 square foot lot and subdivide the land into multiple parcels, catering to the strong demand for new middle-market housing in the rapidly growing Brentwood area.
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