An opportunity to purchase a boutique low-rise residential development site with holding income and adjacent to Burnaby Heights for redevelopment of up to 6 storeys with the upcoming adoption of the Burnaby 2050 OCP in late 2025. The property is situated on the southeast corner of Delta Ave and Hastings St with convenient access to Downtown Vancouver, Brentwood Town Centre, SFU and HWY 1. The property, with a lot size of 9,461 SF, is also a block east of Burnaby Heights, a dynamic retail corridor known for its diverse commercial district, friendly merchant culture, and a vibrant community atmosphere. The property is improved with a duplex circa 1947 with 4 rental units. Each rental unit has its own washer & dryer and generate a stable rental income.
Address
420 Delta Avenue
List Price
$3,080,000
Property Type
Residential
Type of Dwelling
Single Family Residence
Structure Type
Residential Detached
Area
Burnaby North
Sub-Area
Capitol Hill BN
Bedrooms
9
Bathrooms
4
Floor Area
2,000 Sq. Ft.
Main Floor Area
1000
Lot Size
9460.78 Sq. Ft.
Lot Size Dimensions
80 x 121.00
Lot Size (Acres)
0.22 Ac.
Lot Size Units
Square Feet
Total Building Area
2000
Frontage Length
80
Year Built
1947
MLS® Number
R3013978
Listing Brokerage
Macdonald Commercial Real Estate Services Ltd.
Basement Area
Full
Postal Code
V5B 3C8
Zoning
RM3
Ownership
Freehold NonStrata
Parking
Open
Tax Amount
$8,008.40
Tax Year
2024
Board Or Association
Greater Vancouver
Heating
Yes
Heat Type
Other
Levels
One and One Half
Number Of Floors In Property
1.5