Burnaby, BC V5B2J4 6242 KITCHENER STREET

An exceptional opportunity to acquire a prime 66x122 ft (8,052 sq ft) lot on one of North Burnaby´s most prestigious streets-Kitchener. Zoned R1 (Small-Scale Multi-Unit Housing), this property presents outstanding potential for future redevelopment in a highly sought-after, family-friendly neighbourhood. The existing home, though primarily land value, offers immediate rental income with two well-maintained tenancies generating a combined $5,162/month (both month-to-month). Ideally located within walking distance to Aubrey Elementary (French Immersion) and Burnaby North Secondary, and just minutes from Brentwood Mall, Simon Fraser University, SkyTrain, and several golf courses. A rare combination of location, income, and long-term upside. Buyers to verify development possibilities with the City of Burnaby. (id:7434)