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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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7566 Kraft Place, Burnaby
MLS®: R3035041
2564
Sq.Ft.
3
Baths
5
Beds
15,892
Lot SqFt
1962
Built
Description
Welcome to the best neighbourhood in Burnaby! This rare 15,892 sq.ft. corner lot offers endless possibilities. Zoned R1 and located in TOA Tier 2 with a 4.0 FSR. Can build up to 4 units under current zoning—or explore the potential for 8 units with subdivision (buyer to verify). Situated in a quiet, prestigious area, this property is a dream opportunity for developers, investors, or those looking to create a legacy home. Tremendous redevelopment potential—don’t miss out!
Taxes (2024): $7,734.85