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CABCBurnabyGovernment Road8246 Burnlake Dr
View of building exterior featuring uncovered parking | Image 1
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$2,999,999

8246 Burnlake Dr, Burnaby, BC

House

For Sale

$--,---,---
656
  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 4343 sqft
Garage No
Taxes $7,991
Days Active 29
Lot Size 
Approx. Age 1978
Avg. Price Per Sqft $690
MLS® Number R3007412

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

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 !Show Description
MLS® NumberR3007412
Laundry LevelIn Unit
Central VacNo
FireplaceNo
Acreage0.42
ExteriorGarden, Balcony, Private Yard
GarageNo
Approx. Age1978
BasementFinished
DrivewayCarport Multiple, Open, RV Access/Parking
Garage Spaces
HeatForced Air, Natural Gas
A/C
Heating Fuel

Extras

Rooms

Show Details
Other:MainNot available

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