Kris CurmanPowered by Motions MarketingOakwyn Realty Northwest

Active · Land · Burnaby

7258 Ridge Drive

Burnaby, BC V5A1B5

$1,280,000

95 days on market

Bedrooms
0
Bathrooms
0
Type
Land
Taxes
$6,402.19 (2025)
MLS®
R3142450

About this home

Development opportunity in an established Burnaby neighbourhood. This 7,847 sq.ft. vacant R1-zoned lot falls within Burnaby's Small-Scale Multi-Unit Housing (SSMUH) framework, with the potential for up to six residential units, subject to City of Burnaby regulations and buyer verification. With no existing structure, the property is ready for redevelopment. The lot configuration and site conditions require careful planning and may be best suited for experienced builders or developers. Land is sold as is, where is. Buyer to conduct their own due diligence regarding zoning, development potential, servicing, lot configuration, and all municipal requirements.

Monthly cost estimate

Mortgage payment20% down · 4.5% · 25-yr amortization$5,668
Strata fee$0
Property taxannual ÷ 12$534
Est. monthly total$6,201
Down payment + BC property transfer taxbefore any first-time buyer exemption$279,600

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Listing courtesy of Dracco Pacific Realty. View on REALTOR.ca

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Listing data is supplied through the CREA Data Distribution Facility (DDF®) by members of CREA and is deemed reliable but not guaranteed. Information should be independently verified.

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