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For new mortgages, if the downpayment or equity is less then 20% of the purchase price, the amortization cannot exceed 25 years and the maximum purchase price must be less than $1,000,000.
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5854 Burns Place, Burnaby
MLS®: R2862901
2619
Sq.Ft.
3
Baths
5
Beds
8,776
Lot SqFt
1970
Built
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Description
Discover the perfect blend of development potential and rental opportunity in this prime property, boasting an expansive 8,776 sqft lot complete with a laneway. Featuring 5 bedrooms and 3 bathrooms, this home offers ample space for living and investment. The large lot presents a unique chance for future development, enhancing its appeal with the possibility of adding a laneway house for additional income. Situated in a sought-after location, this property not only promises a comfortable living environment but also significant value growth and rental income potential. A rare find that offers both immediate appeal and long-term investment opportunities!
Taxes (2023): $6,147.18
Amenities
In Suite Laundry
Features
Clothes Washer
Dryer
