4965 Pioneer Avenue, Burnaby, V5G 3J5 — photo 1

$2,700,000

4965 Pioneer Avenue, Burnaby, V5G 3J5
Active
4 Bedrooms 2 Bathrooms 2,239 sqft Built 1958 Residential

About This Property

Land Assembly! Area ready for redevelopment! 3 lots totalling 23,424 sq ft can be sold as a package. 4965 and 5017 Pioneer Avenue can be sold in conjunction with 4949 Pioneer Avenue. The draft Burnaby OCP 2050 designates these properties for lowrise 6 story apartment. Prime South Burnaby location close to Metrotown, BCIT, Highway 1 and City Hall.The subject site with three very livable houses is strategically located half a block from Willingdon Avenue, an artery running through Burnaby providing direct access to Highway 1. Great opportunity with a terrific upside.

ViewFireplace

Property Details

MLS #

R3023940

Status

Active

Type

Residential

Sub-type

Single Family Residence

Ownership

Freehold NonStrata

Zoning

R-1

Bedrooms

4

Full Baths

2

Half Baths

0

Kitchens

1

Fireplaces

2

Living Area

2,239 sqft

Main Floor

1,124 sqft

Basement

Yes

Lot Size

7,808 sqft

Lot Dimensions

64 x 122

Frontage

64

Year Built

1958

Age

68 years

Roof

Asphalt

Construction

Frame Wood, Brick (Exterior), Stucco

Structure

Residential Detached

Parking Stalls

6

Parking Type

Additional Parking, RV Access/Parking, Front Access, Lane Access, Concrete

Original Price

$2,900,000

Taxes

$6,432.31/yr

Listed

2025-07-03

MLS Area

Forest Glen BS

City

Burnaby

Postal Code

V5G 3J5

Features & Finishes

Heating

Forced Air · Natural Gas

Flooring

Hardwood · Tile · Wall/Wall/Mixed

Fireplace

Gas

Patio / Porch

Patio · Deck

Exterior Features

Private Yard

Building & Community

Transit

1 BLOCK

Schools

3 BLOCKS

View

NORTH SHORE MOUNTAINS

Lot Features

Central Location, Lane Access

Water Source

Public

Sewer

Public Sewer, Sanitary Sewer, Storm Sewer

Utilities

Electricity Connected, Natural Gas Connected, Water Connected

Community

Shopping Nearby

Disclosures

Property Disclosure

No

Coordinates: 49.239554, -123.002234 · Map data © Google

6.1

Fair Market

Deal Score out of 10

Priced at or near market value in current conditions.

Value vs market54% above market — check if justified
Days on market306 days — significantly stale, strong negotiation position
Price historyPrice dropped 7% from original ask — seller showing motivation
Market conditionsMarket avg 97% — some negotiation room
Draft CPS Offer

Offer Advisor

High confidence

Suggested Offer

$2,563,138

5.1% below asking price

Negotiation Range

$2,495,638$2,603,638

$108,000 spread

$2,495,638$2,700,000 ask

Based on 35 recent sales, a starting offer around $2,563,138 (5.1% below ask) is reasonable. Your negotiation range is $2,495,638 – $2,603,638.

What's factored in

Market baseline35 recent Burnaby sales closed at median 97.3% of list price
Price already reducedSeller dropped from 7% off original ask — indicates motivation
Extended market time306 days listed — well above market avg of 148 days, increased negotiation leverage
Above-average DOM306d vs market avg of 148d — property may have a pricing or condition issue

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

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