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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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7340 Imperial Street, Burnaby
MLS®: R3106054
2200
Sq.Ft.
2
Baths
4
Beds
6,630
Lot SqFt
1955
Built
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Description
Prime corner lot with outstanding redevelopment flexibility. This 78 x 85 ft. (6,629.97 sq. ft.) property offers the opportunity to build a side-by-side duplex or explore a triplex design, with the option to front onto quieter Linden Street or Imperial Street. The corner configuration allows for creative design, access, and orientation, including the potential for an on site driveway with attached garages. Located in Burnaby’s R1 Small-Scale Multi-Unit Housing zone, this is an excellent opportunity for builders, developers, and investors. Buyers to confirm development potential, density, setbacks, and building requirements with the City of Burnaby.
Taxes (2025): $5,776.02
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