6242 KITCHENER STREET, Burnaby

6242 KITCHENER STREET, Burnaby | $2,598,000

An exceptional opportunity to acquire a prime 66x122 ft (8,052 sq ft) lot on one of North Burnaby??s most prestigious streets-Kitchener. Zoned R1 (Small-Scale Multi-Unit Housing), this property presents outstanding potential for future redevelopment in a highly sought-after, family-friendly neighbourhood. The existing home, though primarily land value, offers immediate rental income with two well-maintained tenancies generating a combined $5,162/month (both month-to-month). Ideally located within walking distance to Aubrey Elementary (French Immersion) and Burnaby North Secondary, and just minutes from Brentwood Mall, Simon Fraser University, SkyTrain, and several golf courses. A rare combination of location, income, and long-term upside. Buyers to verify development possibilities with the City of Burnaby.

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Description

An exceptional opportunity to acquire a prime 66x122 ft (8,052 sq ft) lot on one of North Burnaby??s most prestigious streets-Kitchener. Zoned R1 (Small-Scale Multi-Unit Housing), this property presents outstanding potential for future redevelopment in a highly sought-after, family-friendly neighbourhood. The existing home, though primarily land value, offers immediate rental income with two well-maintained tenancies generating a combined $5,162/month (both month-to-month). Ideally located within walking distance to Aubrey Elementary (French Immersion) and Burnaby North Secondary, and just minutes from Brentwood Mall, Simon Fraser University, SkyTrain, and several golf courses. A rare combination of location, income, and long-term upside. Buyers to verify development possibilities with the City of Burnaby.

General Info

MLS Listing ID: R2982631	Bedrooms: 5	Bathrooms: 2	Year Built: 1956
Parking: N/A	Heating: Forced air	Lotsize: 8052 sqft	Air Conditioning : N/A
Home Style: N/A	Finished Floor Area: N/A	Fireplaces: N/A	Basement: Partial (Unknown)