For new mortgages, if the downpayment or equity is less then 20% of the purchase price, the amortization cannot exceed 25 years and the maximum purchase price must be less than $1,000,000.
Mortgage rates are estimates of current rates. No fees are included.
Prime **6,864 sq. ft. development lot** in a highly sought-after Burnaby location. This property presents excellent opportunities for builders or investors to construct a **duplex of approximately 4,000 sq. ft. per side** or a **fourplex with roughly 2,000 sq. ft. per unit** (buyer to verify with the City). Ideally situated just minutes from **Metropolis at Metrotown**, shopping, dining, parks, and transit, with easy access to **SkyTrain** for quick commutes to Vancouver. Close to **Central Park, schools, and everyday amenities**, this lot offers a highly desirable location for future homeowners. A rare chance to develop in one of Burnaby’s rapidly growing neighborhoods with strong demand for new multi-family housing. Buyer to verify all development potential with the City.
Disclaimer: Listing data is based in whole or in part on data generated by the Real Estate Board of Greater Vancouver and Fraser Valley Real Estate Board which assumes no responsibility for its accuracy.
