BUILDERS AND INVESTORS!! This is a tremendous opportunity for a 13,532 square foot development site on the high side of Marine Drive in Burnaby. Provincial and municipal densification changes have reduced efforts and costs to developers to increase the housing supply in the lower mainland which includes this unique property. The new R1 designation will allow your client to build anywhere up to 12 dwelling units on this property if subdivided, or up to 6 dwelling units as is, or anywhere in between if your client wishes to build for themselves with the bonus of added rental revenue from additional units! There is also the potential for a land assembly of additional properties for serious inquiries, and, the City of Burnaby has allowed for a delayed payment process for DCC’s and CAC’s.
General Info
Price
$2,250,000
Total Bedrooms
2
Total Bathrooms
1
Half Bathrooms
0
Floor Area Total (sqft)
1268
Lot Size
13532.71
Lot Size Depth
Feet
Lot Size Frontage
66.39
Basement
Partial
Basement Features
-
Property Metrics
Year Built
1952
Age Of Building
74
Building Type
Single Family Residence
Property Type
Residential
Architecture Style
Rancher/Bungalow w/Bsmt.
Stories
2
Appliances Included
Washer/Dryer, Dishwasher, Refrigerator, Stove
Building Features
-
Structures
Residential Detached
Additional Details
MLS® #
R3092640
Building Name
-
Area
Burnaby South
Neighbourhood
South Slope
City
Burnaby
Postal Code
V5J 3G1
Price per Sqft
$1,774
Gross Taxes
$6,310.79
Ownership Type
Freehold NonStrata
Maintenance Fee
-
Community Features
Shopping Nearby
Heating & Cooling
Fireplace
0
Heating Type
Forced Air, Natural Gas
Utilities
Utility Type
Electricity Connected
Utility Sewer
Public Sewer
Water (WaterSource)
Public
Parking
Parking Type
Carport Single, Open, Front Access
Total Parking Spaces
5
Rooms
Floor
Type
Dimensions
Main Level
Kitchen
15' x 15' ft
Main Level
Living Room
20' x 20' ft
Main Level
Bedroom
10' x 10' ft
Main Level
Bedroom
10' x 10' ft
Below
Storage
24' x 24' ft
Bathrooms
Floor
Ensuite
Pieces
Main Level
No
#3
Listed by: Sutton Centre Realty & Sutton Centre Realty
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 Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.
Neighborhood & Transit Info
Public Schools
Secondary
Burnaby South Secondary School
1.5 km
Elementary
Nelson Elementary School
Average
0.91 km
6.8/10
Information includes BC Government Open License data; school details change often and are offered solely as general guidance.
Private Schools
Elementary
St. Francis de Sales
2.91 km
Elementary, Secondary
Deer Lake School
3.88 km
Closest Transit
Bus Stop
Westbound Marine Dr @ Sussex Ave
0.19 km
Skytrain
Skytrain @ Royal Oak Stn
1.61 km
Crime Rate
Total Crime Rate
Below Average
Violent Crime Rate
Low
Property Crime Rate
Average
Demographics
Post-Secondary Education
Average
32.4%
No Certificate/Degree
Average
13.3%
Owner Occupied
Below Average
50.3%
Employment Rate
Average
63.8%
Noise/ Power Lines
Road/Hwy Noise
Possible
Railway/Sky train Noise
Unlikely
Airport/Port Noise
Unlikely
Close to major Power Lines
Unlikely
Other
Agricultural Land Reserve (ALR)
Unlikely
Flood Area
Unlikely
Close to Cemeteries
Unlikely
Local Info
Estimated Mortgage Calculator
/month
Principal & Interest
Property Taxes$526
Maintenance fee0
With a 20% down payment, buyers can expect an estimated $9,119/month in total housing costs on this $2,250,000 property — $8,593 mortgage payment, $526 property tax.
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.
Listing data last synced:
Estimated Cashflow Calculator
/month
Mortgage Payment
Monthly Payment
Break Even Down Payment0%
Based on $5,681/month estimated rent and $9,321/month in total housing costs, this property has a -$3,640/month cashflow. Break-even down payment: approximately 54%.
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.
Home Price Evaluation Chart
This Home
$2,250,000
Burnaby
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South Slope
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There are currently no active comparable Single Family Residences in Burnaby to benchmark against. Check back as new listings enter the market.
Data is based on list prices of similar active listings. 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
Property FAQs
What are the closest top-rated schools to 4505 Marine Drive, Burnaby, BC?
The closest top-rated schools are Burnaby South Secondary School and Nelson Elementary School.
Is 4505 Marine Drive, Burnaby, BC in a flood zone?
Flood risk status: No.
What is the estimated monthly mortgage and strata fee for 4505 Marine Drive, Burnaby, BC?
With a standard down payment, the estimated monthly mortgage is approximately $13,500.
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