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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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7365 Canada Way, Burnaby
MLS®: R2983038
5371
Sq.Ft.
8
Baths
10
Beds
8,292
Lot SqFt
1945
Built
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Description
Great Opportunity for Builders and Investors with great cash flow! Prime investment opportunity in a rapidly growing neighborhood! This R1-zoned multifamily building sits on an 8,292 sq ft lot with 5,055 sq ft of living space across two stories plus a basement. It features four self-contained suites each with separate entrances and in-suite laundry with plenty of parking. Additional perks include a caretaker suite, bonus basement suite, workshop, storage, and bike room. Recently renovated and just steps from High Gate Village, Metrotown, schools, and transit, this property offers excellent future development potential! Future institutional zoning under the 2050 plan.
Taxes (2024): $6,721.44
Features
No Fire Sprinkler System
Smoke Detector(s)
