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$2,090,000
Est. payment /mo
4 Beds
2 Baths
1,924 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1924
Square Footage 1,924 sqft
Price per Sqft $1,086
MLS® Listing ID R3118140
Style Bungalow
Bedrooms 4
Year Built 1952
Lot Size 7,560 Sqft
Acres 7560.0
Property Sub-Type Freehold
Property Description
Prime investor/developer opportunity on rapidly evolving Smith Ave in Burquitlam. Nearby properties already show clear land assembly for TH and redevelopment momentum, inc Townhouse-designated sites and approved/proposed six-storey rental and condo projects next door - along the Smith corridor. Strong potential for holding income, future assembly, and long-term upside in a neighbourhood transitioning toward higher density. LEGISLATIVE BILL-47 puts this property within the transit-oriented area that allows up to 8 storey mid-rise development at 3.0 FAR. The recent SHAPE PROPERTIES proposal to redevelop Burquitlam Plaza is a game changer for the neighbourhood. This is Mainly land value but bonus, the Current house has proven Rental income and lovingly cared for by the current owners. (id:24570)
Location
Province BC
Rooms
Kitchen 0.0
Interior
Heating Forced air,
Fireplaces Number 1
Exterior
Parking Features Yes
Garage Spaces 1.0
Garage Description 1
View Y/N No
Attached Garage No
Total Parking Spaces 3
Garage Yes
Private Pool No
Building
Story 1
Architectural Style Bungalow
Others
Ownership Freehold
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Listed by Oakwyn Realty Encore
Nearby Locations
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