10 bed
7 bath
4,364 sqft
Duplex
Built in 1972
7,746 sqft lot
4 parking
4 fireplaces
Freehold NonStrata
R1 zone
Public remarks
Incredible Investment Opportunity – Income-Generating Side-by-Side Duplex with Development Potential! This side-by-side duplex sits on a large corner lot offering excellent future potential. Renovated in 2018, each side features two rental suites (total of 4 units), making this a strong income-producing property. Offers excellent future development potential, including the possibility of building Multiplex Dwellings (potential for 5 units!). This is an ideal opportunity for investors or developers looking for both current cash flow and long-term upside. Prime location with unobstructed views and easy access to Burnaby Lake Sports Complex, Brentwood Mall, Canada Way, and Hwy 1. A rare chance to secure a high-performing asset in a sought-after area for immediate income or development!
Private remarks
All measures are approximate, buyer to verify if important. Square footage is from BC Assessment. Property is listed w/ a team. Rezoned to R1 SSMUH District. Non Stratified Duplex. Property contains unauthorized suites. 2 lower units: $1,500/month each. 2 upper units: $3,000/month each. Total of 4 units renting for $9,000/month.
Buyer agency compensation
3.255% on 1st $100,000 + 1.1625% on balance.
$2,390,000 ($547/sqft)
Active
Listed
04/07/2025
Expiry date
Original price
Gross taxes (2024)
$6,024.11
Property transfer tax
$49,700.00
Last Updated: 04/15/2025 03:28 PM
Courtesy of Dracco Pacific Realty
| Address | MLS® | Changed | List date | Status | List price | Close price | List agent | List office |
|---|---|---|---|---|---|---|---|---|
| 3572 Douglas Road | R2986859 | 04/15/2025 03:28 PM | 04/07/2025 | Active | $2,390,000 | Login to view | Joseph Liang PREC* | Dracco Pacific Realty |
| 3570 3572 Douglas Road | R2789234 | 10/25/2023 01:39 PM | 06/15/2023 | Terminated | $2,100,000 | Login to view | Nu Stream Realty Inc. |