$1,888,000

6891 BURLINGTON AVENUE, Burnaby BC V5J 4H3

1 Bed 1.0 Bath 1,188 Sq Ft Built 1945

Detached

Listed by: Macdonald Realty.

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Description

Excellent investment and holding opportunity! Situated in the Royal Oak area with significant future redevelopment potential, this property offers the possibility of future high-density development up to 20 stories (buyers to verify with the City regarding zoning and development potential). The property is being sold as is, where is, with land value being the primary consideration. Currently tenanted by long-term tenants. An ideal opportunity for investors, builders, and developers looking to secure a property in a rapidly evolving neighbourhood.

Location

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Property Details

Property Type	Detached
Sub Type	Single Family Residence
Bedrooms	1
Bathrooms	1.0
Living Area	1,188 sq ft
Lot Size	5,489 sq ft
Year Built	1945
Stories	1.0
Listing ID	R3140429

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6891 BURLINGTON AVENUE, Burnaby BC V5J 4H3
MLS® R3140429 · $1,888,000

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Defaults use the Bank of Canada's monthly average rates actually charged on new mortgage lending, including renewals and refinancing. Below 20% down uses the insured average; otherwise uninsured. Terms use the published 1–under 3, 3–under 5, or 5-years-and-over range, not an exact-term quote. These are volume-weighted chartered-bank averages published with a lag, not today's offers or a rate guarantee. New observations are checked automatically. Your available rate may differ.

Monthly payments use Canadian fixed-rate, semi-annual compounding. The term is the contract length; amortization is the repayment period. Renewal rates may change.

Assumes an owner-occupied Canadian home with one or two units, a traditional down payment and lender approval. Below 20% down, the estimate finances the standard CMHC premium, plus 0.20 percentage points for eligible 30-year amortization. Lender requirements may differ. Not for commercial, land-only or construction financing. Excludes property taxes, strata fees, utilities, home insurance and closing costs.

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This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assume no responsibility for its accuracy.

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