A $2,999,999.00 Single Family Residence with 6 bedrooms in Government Road, Burnaby North At 8246 Burnlake Drive Burnaby North (Government Road)
This prime 18,091 sqft development lot in Burnaby’s Government Road neighborhood offers exceptional potential for multi-family or subdivision projects, currently zoned R1 with a 3.0 FAR density (54,273 sqft buildable). The property, assessed at $2,557,000 ($2,292,000 land, $265,000 improvements), is priced below future value, with a minimum land valuation of $8.1M+ (18,091 sqft x 3.0 FAR x $150/sqft). Options include an 8-storey apartment development, subdivision into 8 luxury homes (est. $1.8M–$2.2M+ each), or 4 smaller homes, with rental income of $6,500/month. Nearby schools include Seaforth Elementary and Burnaby Mountain Secondary, and the area scores 82/100 for transit. Includes survey plans—ideal for developers or investors awaiting rezoning. Priced at $2,999,999.Act now !
Please get in touch if you have any questions regarding 8246 Burnlake Drive or you would like to schedule a showing.
Get in touch| 8246 Burnlake Drive | |
| R3007412 | |
| Single Family Residence | |
| 4 Level Split | |
| $2,999,999.00 Can you afford this? | |
| $690.77 | |
| 5 | |
| Burnaby | |
| Burnaby North | |
| Government Road | |
| RE/MAX City Realty | |
| 4,343 Sqft. | |
| 6 | |
| 5 | |
| 1978 | |
| 18,094.11 | |
| Finished | |
| V5A 3K9 | |
| R1 | |
| $7,991.39 | |
| 2024 | |
| Balcony, Garden, Private, Private Yard, Recreation Nearby, Retirement Community, Shopping Nearby |
