Property In The Top 3 Best Areas To Build, Live And Invest!

This soldly built mid-century home could be renovated for rental/holding or developed for multigenerationl living. These opportunities are FINITE and getting rarer. Zoning allows for a plethora of possibilities- R1 SSMUH zoning allows up to 6 units: multiplex (3-6 in one building), rowhouses, cottage courts, duplexes with suites, single-family with suite and laneway.
Garden Village/Burnaby South is showing stronger performance than many nearby areas and even the Greater Vancouver region as a whole. Check out the state:

• Current Price Index: 409.2 (Greater Vancouver: 359.8)
• Monthly Change: +1.4%, while Greater Vancouver dipped –0.9%
• 1-Year Trend: –0.5%, much steadier than Vancouver’s –4.4%
• 3-Year Growth: +6.1% compared to +1.7% across the region
• 10-Year Growth: +58.2%, showing strong long-term appreciation (Greater Vancouver: +41.3%)

Compared to Burnaby North (388.8, –1.5%) and Burnaby East (403.3, –5.7%), Burnaby South stands out for its better short-term growth and long-term stability.

The City of Burnaby is one of Greater Vancouver’s most progressive cities for development of multiplexhousing while Burnaby South continues to be one of the most resilient and desirable detached home markets - based on MLS statistics! Feel free to reach out for more information to make a sound buying decison.