An opportunity to purchase a boutique low-rise residential development site with holding income and adjacent to Burnaby Heights for redevelopment of up to 6 storeys with the upcoming adoption of the Burnaby 2050 OCP in late 2025. The property is situated on the southeast corner of Delta Ave and Hastings St with convenient access to Downtown Vancouver, Brentwood Town Centre, SFU and HWY 1. The property, with a lot size of 9,461 SF, is also a block east of Burnaby Heights, a dynamic retail corridor known for its diverse commercial district, friendly merchant culture, and a vibrant community atmosphere. The property is improved with a duplex circa 1947 with 4 rental units. Each rental unit has its own washer & dryer and generate a stable rental income.
Listed by Macdonald Commercial Real Estate Services Ltd.
Data was last updated June 14, 2025 at 02:40 PM (UTC)
Area Statistics
Listings on market:
43
Avg list price:
$1,998,000
Min list price:
$499,000
Max list price:
$6,499,000
Avg days on market:
51
Min days on market:
2
Max days on market:
299
Avg price per sq.ft.:
$943.37
These statistics are generated based on the current listing's property type
and located in
Capitol Hill BN. Average values are
derived using median calculations.