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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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7320 Imperial Street, Burnaby
MLS®: R3119691
3061
Sq.Ft.
6
Baths
7
Beds
6,848
Lot SqFt
1924
Built
Description
FOR BUILDERS & SAVVY INVESTORS. This 6,848 sqft lot zoned R1-SSMUH (Small-Scale Multi-Unit Housing) permits up to 4-6 dwelling units depending on transit proximity (buyer to verify Frequent Transit Network Areas eligibility with City of Burnaby). Flexible housing types: multiplex, rowhouse, duplex etc. Existing 3,061 sqft home, with upper & basement levels tenanted, provides holding income while you plan redevelopment under this SSMUH zoning. Centrally located in Highgate near Edmonds SkyTrain, shopping, schools & major routes. This transit-oriented location strengthens long-term redevelopment viability and density potential.
Taxes (2025): $6,077.64
Amenities
Shopping Nearby
Balcony
In Unit
Features
Washer
Dryer
Dishwasher
Refrigerator
Stove
Microwave