7404 16th Avenue, Burnaby

MLS®: R2463199
2887 Sq.Ft. 3 Baths 5 Beds 5,940 Lot SqFt 1924 Built

Description

This income producing home (2 tenants) is the only property in this row not owned by The City of Burnaby! With rezoning applications already tabled this 66’x90’ lot is the perfect holding property. Collect rent from upstairs and down from long term tenants until the remaining lots are tendered or sold by the City. Current applications for neighboring properties and new City Policy include redevelopment up to 6-stories, 177 residential rental units with a 3.15 FSR. Past applications have called for medium-density townhouse development.

Taxes (2019): $5,231.12

Amenities

None