An opportunity to purchase a boutique low-rise residential development site with holding income and adjacent to Burnaby Heights for redevelopment of up to 6 storeys with the upcoming adoption of the Burnaby 2050 OCP in late 2025. The property is situated on the southeast corner of Delta Ave and Hastings St with convenient access to Downtown Vancouver, Brentwood Town Centre, SFU and HWY 1. The property, with a lot size of 9,461 SF, is also a block east of Burnaby Heights, a dynamic retail corridor known for its diverse commercial district, friendly merchant culture, and a vibrant community atmosphere. The property is improved with a duplex circa 1947 with 4 rental units. Each rental unit has its own washer & dryer and generate a stable rental income.
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Property History
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| Status | Date | Price |
|---|
Rooms
| Floor | Type | Dimensions |
|---|---|---|
| Main Level | Bedroom | 9' x 9' ft |
| Main Level | Bedroom | 9' x 9' ft |
| Main Level | Bedroom | 9' x 9' ft |
| Main Level | Bedroom | 9' x 9' ft |
| Main Level | Living Room | 9' x 9' ft |
| Main Level | Living Room | 9' x 9' ft |
| Basement Level | Bedroom | 9' x 9' ft |
| Basement Level | Bedroom | 9' x 9' ft |
| Basement Level | Bedroom | 9' x 9' ft |
| Basement Level | Bedroom | 9' x 9' ft |
| Basement Level | Bedroom | 9' x 9' ft |
| Basement Level | Living Room | 9' x 9' ft |
| Basement Level | Living Room | 9' x 9' ft |
Bathrooms
| Floor | Ensuite | Pieces |
|---|---|---|
| Main Level | No | #3 |
| Main Level | No | #3 |
| Basement | No | #3 |
| Basement | No | #3 |
NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.
Public Schools
Information includes BC Government Open License data; school details change often and are offered solely as general guidance.
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Welcome to 420 Delta Avenue, a stunning property located in the heart of Burnaby, BC
As you step into this beautiful home, you'll be surrounded by the charm and character of Capitol Hill, one of Burnaby's most sought-after neighborhoods. With its excellent schools, low crime rates, and abundance of amenities, this community is a dream come true for families and individuals alike.
Excellent Education Options
420 Delta Avenue is serviced by the highly-rated Capitol Hill Elementary School, which boasts a rating of 7.6/10. This school is just a short 0.85 km from the property, making it an ideal choice for families with young children. Additionally, Burnaby North Secondary School is also nearby, with a rating of No Rating, and Holy Cross Elementary School, a highly-rated independent school with a rating of 10/10, is just 1 km away.
Low Crime Rates
According to Statistics Canada's 2020 report, the crime rate in this neighborhood is 6,145.56, which is considered Below Average compared to other Canadian cities. This provides residents with peace of mind and a safe environment to live and thrive. Specifically, the property crimes in the neighborhood are Average, with a rating of 3,691.76, and the violent crime rate is Low, with 893.28 incidents per 100,000 population.
Commuting Convenience
Getting around Burnaby is a breeze with the Westbound Hastings St @ Hythe Ave bus station just 0.08 km away from 420 Delta Avenue. This makes it easy to get to work, school, or explore the city without having to worry about traffic or parking.
Thriving Community
This neighborhood is home to a diverse and vibrant community, with 22.5% of residents holding a university certificate or degree, which is Above Average in comparison to other BC neighborhoods. The median household income is $81,280, which is also Above Average compared to the British Columbia average. Additionally, the unemployment rate is 6%, which is Below Average compared to other province neighborhoods.
Amenities Galore
Capitol Hill is a haven for outdoor enthusiasts, with numerous parks, beaches, and trails to explore. The neighborhood is also home to a variety of shopping malls, grocery stores, restaurants, and coffee shops, making it easy to find everything you need. Plus, the nearby Burnaby General Hospital provides top-notch medical care for residents.
Real Estate Context
The average value of dwellings in this neighborhood is $1,463,523, which is High compared to other areas in British Columbia. The average owner payments are Above Average, with owners spending $1,542 on average for their dwelling. Tenants are also paying Above Average rates, with an average of $1,146 per month.
Language and Transportation
The neighborhood is predominantly English-speaking, with 89.5% of residents speaking only English. However, there is a small but diverse population of French and non-English speakers, adding to the community's cultural richness. With 21.5% of residents using public transportation, 72.8% driving, and 3.5% walking, this neighborhood offers a range of transportation options for its residents.
MLS® R3063459
Don't miss out on this incredible opportunity to own a piece of Burnaby's charm. Contact me today to schedule a viewing of 420 Delta Avenue, MLS® R3063459, and make this beautiful home your own.
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