For new mortgages, if the downpayment or equity is less then 20% of the purchase price, the amortization cannot exceed 25 years and the maximum purchase price must be less than $1,000,000.
Mortgage rates are estimates of current rates. No fees are included.
ATTENTION BUILDERS, DEVELOPERS & RENOVATORS! 53 x 122 plus back lane. Excellent opportunity in the highly sought-after Capitol Hill neighbourhood. This 2-level bungalow offers 2 bedrooms on the main floor and a full unfinished basement. The home requires substantial updating, ideal for renovation, holding, or future redevelopment. Located on a quiet residential street and zoned R1 Small-Scale Multi-Unit Housing, offering exciting potential for multiple dwelling units under Burnaby’s updated zoning regulations. Buyers are advised to confirm development possibilities, permitted density, servicing requirements, and building options directly with the City of Burnaby. Conveniently located near popular restaurants, Kensington Square Shopping Centre, parks, transit, SFU and Burnaby Mountain.
Disclaimer: Listing data is based in whole or in part on data generated by the Real Estate Board of Greater Vancouver and Fraser Valley Real Estate Board which assumes no responsibility for its accuracy.
