9 bed
4 bath
2,000 sqft
Single Family Residence
Built in 1947
9,460 sqft lot
Freehold NonStrata
RM3 zone
Public remarks
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.
Private remarks
Building area and layout were NOT measured and approximate: Buyer and Buyer Agent must verify if deemed important. Property is tenanted, do not disturb. Owner never lived on the Property. Draft Burnaby OCP 2050 designated the Property under R4 Low-rise Apartment 2 for up to 6 storeys: Buyer and Buyer Agent to independently verify all redevelopment potential with the City of Burnaby. See attachments for more information. Value is in land - duplex is generating approx. $54,000 net operating income
Buyer agency compensation
1.11625%
$3,080,000 ($1,540/sqft)
Active
Listed
06/06/2025
Expiry date
Original price
Gross taxes (2024)
$8,008.40
Property transfer tax
$72,000.00
Last Updated: 06/10/2025 05:21 PM
Courtesy of Macdonald Commercial Real Estate Services Ltd.
| Address | MLS® | Changed | List date | Status | List price | Close price | List agent | List office |
|---|---|---|---|---|---|---|---|---|
| 420 Delta Avenue | R3013978 | 06/10/2025 05:21 PM | 06/06/2025 | Active | $3,080,000 | Login to view | Carl Chen PREC* | Macdonald Commercial Real Estate Services Ltd. |