3 bed
1 bath
1,432 sqft
Single Family Residence
Built in 1918
7,405 sqft lot
6 parking
Freehold NonStrata
R1 zone
Public remarks
Prime Development Opportunity in East Burnaby! City of Burnaby pre-engineering approval is secured for a six-unit development on this 66 x 113 ft. corner lot, just two blocks from Edmonds Street and minutes from Edmonds SkyTrain Station. Originally the property was approved for a two-lot subdivision but with new zoning they have advanced the project staying as 1 lot and 6 units with approved building plans just 4 months away. As a bonus, a rentable three-level character home currently occupies the property, offering immediate rental income for those looking to hold and invest. Located in a vibrant, family-friendly neighborhood, this property is within walking distance of elementary and secondary schools, as well as the Highgate Shopping Centre for all your daily essentials.
Private remarks
See Associate documents for proposed building plans and correspondence with the City of Burnaby. Existing home is professionally measured by UPlan.co Please include Addendum with your offer.
Buyer agency compensation
3.255% 1st $100,000 & 1.1625% on balance
$2,650,000 ($1,850/sqft)
Active
Listed
02/03/2025
Expiry date
Original price
Gross taxes (2024)
$7,209.02
Property transfer tax
$57,500.00
Last Updated: 02/24/2025 09:40 AM
Courtesy of RE/MAX Crest Realty
| Address | MLS® | Changed | List date | Status | List price | Close price | List agent | List office |
|---|---|---|---|---|---|---|---|---|
| 7386 Humphries Avenue | R2962946 | 02/24/2025 09:40 AM | 02/03/2025 | Active | $2,650,000 | Login to view | Phil Moore | RE/MAX Crest Realty |
| 7386 Humphries Avenue | R2894070 | 01/29/2025 10:46 AM | 06/12/2024 | Terminated | $2,650,000 | Login to view | RE/MAX Crest Realty | |
| 7386 Humphries Avenue | R2758350 | 10/15/2023 06:08 PM | 03/08/2023 | Expired | $2,400,000 | Login to view | RE/MAX Crest Realty |