Kris CurmanPowered by Motions MarketingOakwyn Realty Northwest

Active · Land · Burnaby

5507 Dorset Street

Burnaby, BC V5J1L6

$2,999,000

523 days on market

Bedrooms
0
Bathrooms
0
Type
Land
Taxes
$5,216.22 (2024)
MLS®
R2997235

About this home

Exceptional development opportunity: 6,732 SF south-facing corner site in Burnaby´s Royal Oak Urban Village, one block from SkyTrain. Designated for *Medium Density Mixed-Use*, this site supports a mid-rise project featuring ground-floor retail and five levels of residential. Estimated buildable area of 25,000-28,000 SF allows for 22-28 units (1BR, 2BR, and 3BR mix) plus 2,000-2,500 SF of prime commercial space and underground parking. Ideal for developers seeking a high-exposure, transit-oriented project in a rapidly evolving hub. *Note: All images are artist renderings for conceptual purposes only. Final design and density subject to municipal approval. Buyer/Agent to independently verify all zoning and development specifications.*

Monthly cost estimate

Mortgage payment20% down · 4.5% · 25-yr amortization$13,279
Strata fee$0
Property taxannual ÷ 12$435
Est. monthly total$13,714
Down payment + BC property transfer taxbefore any first-time buyer exemption$667,770

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Listing courtesy of eXp Realty. View on REALTOR.ca

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