7145 16th Avenue, Burnaby, BC V3N 1N3

$2,500,000
7
BD
2,087
SqFt
List Price
$2,500,000
Status
ACTIVE
MLS® #
R2739708
Days on Market
10
Year Built
1962
Dwelling Type
House/Single Family
Style
2 Storey
Stories
2
Bedrooms
7
Living Area
2,087
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 1054 up and 1033 down, 2087 sq ft sitting on a 5600 sq ft lot - 50 x 112. Current Zoning - R5. Serious monthly income of $3400 PER MONTH for this property alone. Easy to Hold. Tenants would like to stay. Backalley accessible. 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
5,600
Amenities
None
Site Influences
Central Location
Acres
0.13
Basement Description
Full
Features
ClthWsh/Dryr/Frdg/Stve/DW
Region
Burnaby East
Title To Land
Freehold NonStrata
Gross Taxes
4546.23
Tax Year
2022
Frontage
50

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
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.