Prime Development Opportunity in Sperling-Burnaby Lake Station (City of Burnaby)! This strategically located property falls within Tier 3 of the Transit-Oriented Development (TOD) zoning, allowing for the construction of an 8-story building with a FAR of 3. Centrally situated with easy access to highways, shops, and Brentwood Town Centre, this site is ideal for a visionary developer. Don’t miss this chance to capitalize on Burnaby’s thriving real estate market and the growing demand for transit-oriented living.
Salient Facts:
Total Site Area: 34,683 sq ft
Floor Space Ratio (FSR): 3.0
Potential Buildable Square Foot: 104,049 sq ft
Potential Land Usage: Low-Rise
Combined Assessed Value: $7,641,600
Burnaby stands at the forefront of urban development in Metro Vancouver, offering unparalleled opportunities for investors and developers. With projections of over 100,000 new residents, 55,000 new homes, and 50,000 new jobs by 2050, the city is poised for significant growth across residential, commercial, and industrial sectors. Burnaby’s strategic location, coupled with its commitment to sustainable development and robust infrastructure, makes it an ideal landscape for visionary projects that will shape the future of the region.
