Vancouver Homes
5531 Broadway Street, Burnaby, V5B 2X8 — photo 1

$5,410,000

5531 Broadway Street, Burnaby, V5B 2X8
Active
3 Bedrooms 1 Bathrooms 2,406 sqft Built 1957 Residential

About This Property

Prime Development Opportunity in Holdom Skytrain (City of Burnaby)! This strategically located property falls within Tier 1 of the Transit-Oriented Development (TOD) zoning, allowing for the construction of an 20-story building with a FAR of 5.0 . Centrally situated with easy access to highways, shops, and Brentwood Town Centre, this site is ideal for a visionary developer. Don't miss this chance to capitalize on Burnaby's thriving real estate market and the growing demand for transit-oriented living.

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Property Details

MLS #

R3051068

Status

Active

Type

Residential

Sub-type

Single Family Residence

Ownership

Freehold NonStrata

Zoning

R1

Bedrooms

3

Full Baths

1

Half Baths

0

Kitchens

0

Fireplaces

1

Living Area

2,406 sqft

Main Floor

1,203 sqft

Basement

1,203 sqft fin.

Lot Size

7,214.5 sqft

Lot Dimensions

61 x 120

Frontage

61

Year Built

1957

Age

68 years

Roof

Asphalt

Construction

Concrete, Concrete Frame, Vinyl Siding

Structure

Residential Detached

Parking Type

None

Original Price

$5,410,000

Taxes

$5,900.19/yr

Listed

2025-09-22

MLS Area

Parkcrest

City

Burnaby

Postal Code

V5B 2X8

Features & Finishes

Heating

Forced Air

Fireplace

Other

Patio / Porch

Patio · Deck

Exterior Features

Balcony

Building & Community

View

City

Water Source

Public

Sewer

Community, Sanitary Sewer, Storm Sewer

Utilities

Community, Natural Gas Connected, Water Connected

Disclosures

Property Disclosure

No

Location

Open in Google Maps

Coordinates: 49.266437, -122.983232 · Map data © Google

4.9

Above Market

Deal Score out of 10

Priced above comparable sales — may have room to negotiate.

Value vs market— 187% above market — check if justified
Days on market— 224 days — significantly stale, strong negotiation position
Price history— No price reduction — seller firm on price
Market conditions— Market avg 97% — some negotiation room
Draft CPS Offer

Offer Advisor

High confidence

Suggested Offer

$5,137,262

5% below asking price

Negotiation Range

$5,002,012 – $5,218,412

$216,400 spread

$5,002,012$5,410,000 ask

Based on 35 recent sales, a starting offer around $5,137,262 (5% below ask) is reasonable. Your negotiation range is $5,002,012 – $5,218,412.

What's factored in

Market baseline— 35 recent Burnaby sales closed at median 97.3% of list price
Extended market time— 224 days listed — well above market avg of 148 days, increased negotiation leverage
Above-average DOM— 224d 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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