Claremont Assembly presents a rare and compelling opportunity to acquire a 24,570 SF residential development site in Burnaby’s prestigious Government Road neighbourhood. The site benefits from favourable development conditions under Burnaby’s proposed Official Community Plan (OCP), which designates the property for Mid-Rise Apartment use with terracing and ground-oriented residential potential. Developers may pursue up to 12 storeys by-right, with the possibility of increasing to 20 storeys through the City’s Density Bonus Provisions. Importantly, the site carries no commercial requirement and is not subject to the Tenant Assistance Policy (TAP), streamlining the path to redevelopment.