• Vendu
SOLD: Metrotown Development Site with Holding Income
SOLD: Metrotown Development Site with Holding Income
SOLD: Metrotown Development Site with Holding Income
SOLD: Metrotown Development Site with Holding Income
SOLD: Metrotown Development Site with Holding Income
Opportunity to purchase a 1.5-acre residential development site in Burnaby's popular Metrotown Area. The Property is located mid-block on Cassie Avenue between Maywood Street and Beresford Street, just blocks from the Metrotown Skytrain Station and Metropolis at Metrotown Shopping Centre. The Property is currently improved with two low rise apartment buildings containing a total of 95 residential units, providing strong holding income.

The Metrotown Official Community Plan is currently under review by the City of Burnaby. There is good potential that the Property (along with others in the immediate area) will be rezoned/designated either RM4s with a base floor area ratio (FAR) of 2.5 with the ability to purchase 1.1 FAR as bonus density from the City; or RM5s with a base FAR of 3.4 with the ability to purchase 1.6 FAR as bonus density from the City.

Détails sur la propriété

  • 02-01-2016
  • SOLD