5645 Highfield Drive

General property description

NOT SUBJECT TO THE FOREIGN BUYER BAN! Foreign buyers looking to invest in Canadian real estate can buy and build or hold this property. Forever views on Capitol Hill! This 9,504 sq. ft. lot with 66’ frontage, overlooks and backs onto the lush greenery of the Trans Canada Trail and Stratford Park with spectacular, panoramic views of Burrard Inlet, Indian Arm and the North Shore Mountains. Abatement of original home, site leveling, piling, retaining wall work has all been completed. Building plans were approved for a + 5,000 sq. ft. home. Start building right away or use the current reports and approvals to fast-track your own ideas. City of Burnaby confirms that 4 townhomes up to 2,500 sq. ft. each are an option.

Mortgage estimate

Tax from listing

Est. monthly total

$13,564

/mo

Rate

%

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Amortization

25 yr30 yr

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Principal and interest

$12,854

Property tax

$560

P&I

Tax

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This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $555,800 down (20%) on $2,779,000, Canadian semi-annual compounding. Property tax sourced from listing. No strata fee on record for this listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.