House for Sale in Burnaby
8246 Burnlake Drive, Burnaby, BC
- 6 BEDS
- 3+2 BATHS
- 4,343 sq.ft. Home
Key Facts
- MLS® #: R3007412
- Property ID: SIRC2447299
- Property Type: Residential, Single Family Detached
- Living Space: 4,343 sq.ft.
- Lot Size: 18,094.11 sq.ft.
- Year Built: 1978
- Bedrooms: 6
- Bathrooms: 3+2
- Parking Spaces: 6
- Listed By:
- RE/MAX City Realty
Property 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 !
Rooms
- TypeLevelDimensionsFlooring
- Living roomMain29' x 16'Other
- BedroomMain18' x 9'Other
- StorageMain3' x 9'Other
- KitchenAbove13' 9" x 17'Other
- Eating AreaAbove14' 6" x 10'Other
- Living roomAbove18' x 14'Other
- Solarium/SunroomAbove27' x 15'Other
- BedroomAbove12' x 16'Other
- BedroomAbove10' x 12'Other
- BedroomAbove10' x 16'Other
- Primary bedroomBelow11' x 11'Other
- BedroomBelow10' x 11'Other
- Family roomBelow20' x 15'Other
- KitchenBelow8' x 7'Other
- Laundry roomBelow3' x 8'Other
- StorageBelow4' x 6'Other
Listing Agents
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Location
8246 Burnlake Drive, Burnaby, British Columbia, V5A 3K9 Canada
Around this property
Information about the area within a 5-minute walk of this property.
- 20.98% 50 to 64 years
- 18.66% 65 to 79 years
- 17.78% 35 to 49 years
- 16.87% 20 to 34 years
- 6.05% 15 to 19 years
- 5.55% 10 to 14 years
- 5.26% 5 to 9 years
- 4.74% 80 and over
- 4.11% 0 to 4
- Households in the area are:
- 78.89% Single family
- 13.81% Single person
- 5.08% Multi person
- 2.22% Multi family
- $394,376 Average household income
- $140,352 Average individual income
- People in the area speak:
- 51.88% English
- 17.65% Mandarin
- 13.19% Yue (Cantonese)
- 5.92% English and non-official language(s)
- 2.77% Korean
- 2.33% Min Nan (Chaochow, Teochow, Fukien, Taiwanese)
- 2.07% Italian
- 2.02% Punjabi (Panjabi)
- 1.13% Spanish
- 1.05% German
- Housing in the area comprises of:
- 66.87% Single detached
- 22.59% Duplex
- 9.18% Row houses
- 1.36% Apartment 1-4 floors
- 0% Semi detached
- 0% Apartment 5 or more floors
- Others commute by:
- 16.38% Public transit
- 3.11% Other
- 0.28% Foot
- 0% Bicycle
- 30.76% Bachelor degree
- 26.2% High school
- 15.09% College certificate
- 10.21% Did not graduate high school
- 8.14% Post graduate degree
- 5.23% Trade certificate
- 4.37% University certificate
- The average air quality index for the area is 1
- The area receives 648.84 mm of precipitation annually.
- The area experiences 7.4 extremely hot days (28.24°C) per year.
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- Principal and Interest $14,649 /mo
- Property Taxes n/a
- Strata / Condo Fees n/a