7137 16th Avenue, Burnaby, BC V3N 1N3

$2,500,000
6
BD
3
BA
2,120
SqFt
List Price
$2,500,000
Status
ACTIVE
MLS® #
R2739577
Days on Market
9
Year Built
1962
Dwelling Type
House/Single Family
Style
2 Storey, Rancher/Bungalow w/Bsmt.
Stories
2
Bedrooms
6
Total baths
3
Living Area
2,120
Area
Burnaby East
Community
Edmonds BE

Property Description

High Gate Cash Flow Positive Development property available, ready for your multi-family project. Two story home with 1060 up and 1060 down, 2120 sq ft sitting on a 5700 sq ft lot - 50 x 114. Current Zoning - R5. Serious monthly income $5525 a month for this property alone. Easy to Hold. Tenants would like to stay. Southgate City Masterplan Development in Immediate Area. OCP Future Use: TH or Condo Multi-family. Enquire with Burnaby City Planning for Density. One of the last properties in the area which have not been consolidated. Transit Oriented location, Walk to Edmonds Skytrain Station.

Additional Information

Lot Size
5,700
Amenities
Guest Suite
Acres
0.13
Fireplaces
2
Basement Description
Full
Features
ClthWsh/Dryr/Frdg/Stve/DW
Region
Burnaby East
Title To Land
Freehold NonStrata
Gross Taxes
4522.07
Tax Year
2022
Frontage
50
Depth
114

Mortgage Calculator

Amount of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Coldwell Banker Universe Realty

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NOTE: 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 Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.