Not on MLS® – Contact CoreVal for exclusive access.
Lot Size: 21,000 sq. ft. (approx. 0.5 acre)
Zoning: R1 – Fourplex Permitted
Potential Build: 4 x 2,400 sq. ft. Homes (Total 9,000 sq. ft.)
Phillips Avenue, Burnaby Land Development Project
Central Burnaby location:
- Between Brentwood Mall & Lougheed Mall (9 minutes each)
- Costco & major shopping nearby
- Close to industrial job centers, freeway, and transit
Large, well-kept lot:
- Pride of ownership in the neighborhood
- Quiet, established street
Development-ready:
- Zoning allows up to 4 homes
- Ideal for investors or builders
Turnkey project management:
- CoreVal offers in-house architecture, design, permitting, and construction
- Investors can be hands-off—CoreVal handles the process from start to finish
Investment Summary
| Land Price | $2,500,000 |
|---|---|
| Estimated Build Cost | $2,800,000 |
| Total Projected Cost | ~$6,000,000 (incl. soft costs, fees) |
| Potential Sale Value | $8,000,000 (4 homes @ ~$2M each) |
| Timeline | Target: 24 months or less |
Property Description
Welcome to exceptional Burnaby land development project in the heart of the city. This nearly half-acre lot is ideally situated between two major shopping centers, with easy access to all corners of Metro Vancouver. The property is surrounded by well-maintained homes and offers a quiet, pride-of-ownership community.
Zoned R1, this lot allows for the construction of four spacious homes—each approximately 2,400 sq. ft. CoreVal’s experienced team can manage the entire development process, from architectural design to permitting and construction, making this a turnkey solution for investors.
With strong demand in the area and comparable homes selling for $2M+, this project offers significant upside potential. Whether you’re looking to partner with CoreVal or have us manage the build for you, this is a rare chance to secure prime land before it reaches the broader market.
Features
- Lot Size: 21,000 sq. ft.
- Zoning: R1 (Fourplex permitted)
- Community: Central Burnaby, close to shopping, transit, and employment
- Development Potential: Up to 9,000 sq. ft. total living space
- Project Management: Full-service, investor-friendly approach
Interested in this exclusive Burnaby land development project?
Contact us today (𝟲𝟬𝟰-𝟮𝟬𝟬-𝟮𝟬𝟱𝟴) for more details, a site tour, or to discuss investment options.
