Rare development opportunity priced $400K below BC Assessment in a prime Burnaby location! 7258 Ridge Drive offers a 7,850 sq.ft. building lot zoned R1, with the City of Burnaby’s new Small-Scale Multi-Unit Housing (SSMUH) framework allowing for up to 6 residential units per legal lot. The property is vacant land with no existing structure and is best suited for an experienced developer or builder prepared to unlock its full potential. The lot configuration and site conditions will require thoughtful planning. Located in an established neighbourhood surrounded by low-density housing, this site presents an opportunity to deliver missing-middle housing.
Address
7258 Ridge Drive
List Price
$1,399,000
Property Type
Land
Type of Dwelling
Land
Structure Type
Land Only
Transaction Type
Sale
Area
Burnaby North
Sub-Area
Westridge BN
Lot Size
7847 Sq. Ft.
Lot Size Dimensions
37.6 x 133.8
Lot Size (Acres)
0.18 Ac.
Lot Size Units
Square Feet
Frontage Length
37.6
MLS® Number
R3076190
Listing Brokerage
Oakwyn Realty Ltd.
Postal Code
V5A 1B5
Zoning
R1
Ownership
Freehold NonStrata
Tax Amount
$6,402.19
Tax Year
2025
Board Or Association
Greater Vancouver