6 bed
5 bath
4,343 sqft
Single Family Residence
Built in 1978
18,094 sqft lot
6 parking
2 fireplaces
Freehold NonStrata
R1 zone
Public remarks
This prime 18,091 sqft development lot in Burnaby’s Government Road neighborhood offers exceptional potential for multi-family or subdivision projects, currently zoned R1 with a 3.0 FAR density (54,273 sqft buildable). The property, assessed at $2,557,000 ($2,292,000 land, $265,000 improvements), is priced below future value, with a minimum land valuation of $8.1M+ (18,091 sqft x 3.0 FAR x $150/sqft). Options include an 8-storey apartment development, subdivision into 8 luxury homes (est. $1.8M–$2.2M+ each), or 4 smaller homes, with rental income of $6,500/month. Nearby schools include Seaforth Elementary and Burnaby Mountain Secondary, and the area scores 82/100 for transit. Includes survey plans—ideal for developers or investors awaiting rezoning. Priced at $2,999,999.Act now !
Private remarks
PROPERTY CONTAINS ACCOMMODATION WHICH IS NOT AUTHORIZED All Measurements done by Van3D Photography. - and, all details must be verified if important.
Buyer agency compensation
3.255% on the first $100,000 and 1.1625% on the balance
$2,999,999 ($690/sqft)
Active
Listed
05/26/2025
Expiry date
Original price
Gross taxes (2024)
$7,991.39
Property transfer tax
$67,999.97
Last Updated: 05/31/2025 01:20 PM
Courtesy of RE/MAX City Realty
| Address | MLS® | Changed | List date | Status | List price | Close price | List agent | List office |
|---|---|---|---|---|---|---|---|---|
| 8246 Burnlake Drive | R3007412 | 05/31/2025 01:20 PM | 05/26/2025 | Active | $2,999,999 | Login to view | Naomi Wang PREC* | RE/MAX City Realty |
| 8246 Burnlake Drive | R2834187 | 11/26/2024 12:32 AM | 11/22/2023 | Expired | $3,990,000 | Login to view | LeHomes Realty Premier | |
| 8246 Burnlake Drive | R2746455 | 10/15/2023 08:36 AM | 01/16/2023 | Expired | $2,988,000 | Login to view | RE/MAX City Realty |