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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®: R2962343
2619
Sq.Ft.
3
Baths
5
Beds
8,712
Lot SqFt
1970
Built
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Description
Prime development potential meets rental opportunity in this expansive 8,776 sqft property in Upper Deer Lake. With 5 bedrooms and 3 bathrooms, this home offers ample space for both comfortable living and investment. The large lot, featuring a laneway, provides a unique opportunity for future development, including the potential to add a laneway house for extra income. Currently generating $9,000 per month in rental income, this property is located in a highly sought-after neighborhood, promising both immediate appeal and significant long-term value growth. A rare find for investors and homebuyers alike!
Taxes (2023): $6,147.18
Amenities
Shopping Nearby
Private Yard
In Unit
Features
Washer
Dryer
Dishwasher
Refrigerator
Cooktop
