We’re excited to share this investment opportunity – a prime lot in Capitol Hill, one of Burnaby’s most sought-after neighborhoods! This 1951-built detached property sits on a 4,026 sq ft lot, offering breathtaking views of the North Shore Mountains and convenient laneway access. Plus, the street is lined with beautiful, newly built homes, highlighting the area’s transformation and value. While the property itself needs some work – it’s dated, cluttered, and has a leaky roof with water damage in the basement – the potential here is undeniable. Tearing down the existing structure and building a custom dream home would maximize the value, but there’s also an opportunity for a savvy investor to clean up, list it on the MLS, and capitalize on the significant discount. This is only the 2nd detached property we’ve ever secured in Burnaby, opportunities like this don’t come around often.

We are selling our assignable purchase contract.

Closing is July 15th, 2025

• Detached 1-storey with basement
• Currently vacant
• 3 bedrooms
  • 2 bedrooms located on the first floor
  • 1 bedroom located in the basement
• 2 bathrooms
  • 4-piece bathroom located on the first floor
  • 3-piece bathroom located in the basement with standalone shower
• Built in 1951
• Total interior square footage: 1628 sq ft (as per BC Assessment)
  • First floor: 860 sq ft (as per BC Assessment)
    • 2 beds, 1 bath, kitchen, living room, gas fireplace and dining room
    • Dining room used to be a bedroom (as per Seller)
  • Basement: 768 sq ft (as per BC Assessment)
    • 1 bed, 1 bath, a bar and rec room
    • Water enters the basement during heavy rains (as per Seller)
• All appliances will be included
• Flooring: tile and hardwood
• Electrical AMP is unknown (as per Seller)
• Gas fireplace
• Furnace appears to be a 1980s or 1990’s model (as per our Home Buying Specialist)
• HWT, age unknown (as per Seller)
• Windows are aluminum, age unknown (as per Seller)
• Shingled roof was replaced in 2005 (as per Seller)
  • Roof is leaking (as per Seller)
• Siding: stucco and brick
• Wood fence
• 2-car garage is located on a laneway behind the property
• On municipal water and sewer
• Lot size: 4026 sq ft (as per BC Assessment)
• Annual property taxes are approximately $4729.00 – as per THIS online tax calculator
• Zoning: R1 Small-Scale Multi-Unit Housing District as per this zoning map – see HERE 
  • Use and development of ground-oriented residential dwellings maximum of 6 dwelling units per lot – see HERE

For more info about this property please reach out to Tammy at 778-883-3257 or email Tammy@offmarketBliss.ca