Rare R5 zoning investor alert! This gem of a property type is rarely listed and has major redevelopment potential. R5 District allows a two-family dwelling on lots with a minimum width of 60ft and minimum lot area of 7200 sqf. City is reviewing potential of adding 2 additional secondary suites (basement suites) hopefully in 2023. Buyers are responsible to verify all info and requirements with the City of Burnaby. This 3 bedroom, 1 bathroom home is perfectly located in a quiet neighbourhood and within walking distance to Burnaby South Secondary School, Nelson Elementary School, Clinton Elementary School, Lewarne Park, Royal Oak Skytrain Station, and Byrne Creek Ravine Park. Home is being sold in "As Is Where Is" Condition.
Address
5829 NEVILLE STREET
List Price
$2,285,000
Property Type
Residential Detached
Type of Dwelling
House/Single Family
Style of Home
Rancher/Bungalow w/Bsmt.
Area
Burnaby South
Sub-Area
South Slope
Bedrooms
3
Bathrooms
1
Floor Area
1,994 Sq. Ft.
Lot Size
7304 Sq. Ft.
Year Built
1952
MLS® Number
R2689499
Listing Brokerage
88West Realty
Basement Area
Partly Finished
Postal Code
V5J 2J3
Zoning
R5
Tax Amount
$6,294.00
Tax Year
2022
Site Influences
Central Location, Lane Access, Private Yard, Shopping Nearby
Features
ClthWsh/Dryr/Frdg/Stve/DW, Drapes/Window Coverings, Security System, Storage Shed