7386 HUMPHRIES AVENUE, Burnaby | $2,650,000

Prime Development Opportunity in East Burnaby! City of Burnaby pre-engineering approval is secured for a six-unit development on this 66 x 113 ft. corner lot, just two blocks from Edmonds Street and minutes from Edmonds SkyTrain Station. Originally the property was approved for a two-lot subdivision but with new zoning they have advanced the project staying as 1 lot and 6 units with approved building plans just 4 months away As a bonus, a rentable three-level character home currently occupies the property, offering immediate rental income for those looking to hold and invest. Located in a vibrant, family-friendly neighborhood, this property is within walking distance of elementary and secondary schools, as well as the Highgate Shopping Centre for all your daily essentials. This is a rare chance to develop, invest, or build in a high-growth area-don??t miss out!

Description

Prime Development Opportunity in East Burnaby! City of Burnaby pre-engineering approval is secured for a six-unit development on this 66 x 113 ft. corner lot, just two blocks from Edmonds Street and minutes from Edmonds SkyTrain Station. Originally the property was approved for a two-lot subdivision but with new zoning they have advanced the project staying as 1 lot and 6 units with approved building plans just 4 months away As a bonus, a rentable three-level character home currently occupies the property, offering immediate rental income for those looking to hold and invest. Located in a vibrant, family-friendly neighborhood, this property is within walking distance of elementary and secondary schools, as well as the Highgate Shopping Centre for all your daily essentials. This is a rare chance to develop, invest, or build in a high-growth area-don??t miss out!

General Info


MLS Listing ID: R2962946 Bedrooms: 3 Bathrooms: 1 Year Built: 1918
Parking: Garage Heating: Forced air Lotsize: 7458 sqft Air Conditioning : N/A

Amenities/Features


  • Central location

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Disclaimer: E. & O.E. The information contained in this brochure has been obtained from the owner and other sources deemed reliable, but is not guaranteed by Planet Group Realty Inc. or BALJIT KOCHHAR– PREC* . Prospective Buyers should make full independent investigation of all facts of the property, including legal, accounting & taxation, prior to purchase .