4021 Graveley Street, Burnaby, V5C 3T5 — photo 1

$1,998,000

4021 Graveley Street, Burnaby, V5C 3T5
Active
3 Bedrooms 2 Bathrooms 1,830 sqft Built 1931 Residential
2 Listing Signals Detected
As-Is ConditionHigh

Seller will not make repairs. Commission a pre-inspection before removing subjects.

Renovation RequiredNote

Likely needs work. Get contractor quotes before making an offer — renovation costs can exceed expectations.

About This Property

This is a rare opportunity to acquire a M-3 Zoned (Heavy Industrial) property in the highly sought-after Willingdon Heights area of Burnaby. Ideally located just minutes from Highway #1, this 6,600 sq ft lot (50ft x 132ft) offers ample space to construct your ideal building. The property is being sold for land value only, with the existing residential structure being sold "as is, where is" and is considered a teardown by potential buyers.

Property Details

MLS #

R3061435

Status

Active

Type

Residential

Sub-type

Single Family Residence

Ownership

Freehold NonStrata

Zoning

M3

Bedrooms

3

Full Baths

2

Half Baths

0

Kitchens

1

Living Area

1,830 sqft

Main Floor

1,830 sqft

Lot Size

6,600 sqft

Lot Dimensions

50 x 132

Frontage

50

Year Built

1931

Age

95 years

Roof

Other

Construction

Frame Wood, Mixed (Exterior)

Structure

Residential Detached

Parking Type

Open

Original Price

$2,198,000

Taxes

$6,993.5/yr

Listed

2025-10-23

MLS Area

Central BN

City

Burnaby

Postal Code

V5C 3T5

Features & Finishes

Heating

Forced Air

Building & Community

Fencing

Fenced

Water Source

Public

Sewer

Public Sewer

Utilities

Community

Disclosures

Property Disclosure

Yes

Coordinates: 49.270482, -123.015499 · Map data © Google

6.1

Fair Market

Deal Score out of 10

Priced at or near market value in current conditions.

Value vs market39% above market — check if justified
Days on market193 days — significantly stale, strong negotiation position
Price historyPrice dropped 9% from original ask — seller showing motivation
Market conditionsMarket avg 97% — some negotiation room
Draft CPS Offer

Offer Advisor

High confidence

Suggested Offer

$1,906,536

4.6% below asking price

Negotiation Range

$1,856,586$1,936,506

$79,920 spread

$1,856,586$1,998,000 ask

Based on 35 recent sales, a starting offer around $1,906,536 (4.6% below ask) is reasonable. Your negotiation range is $1,856,586 – $1,936,506.

What's factored in

Market baseline35 recent Burnaby sales closed at median 97.3% of list price
Price already reducedSeller dropped from 9% off original ask — indicates motivation
Extended market time193 days listed — well above market avg of 148 days, increased negotiation leverage

Based on 35 residential sales in Burnaby (last 60 days) · Updated May 4

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