
$2,395,000
Listed by: Team 3000 Realty Ltd. · MLS®
DEVELOPER & INVESTOR OPPORTUNITY — Exceptional holding property in Burnaby’s rapidly evolving growth corridor. Preliminary drawings available for 2 duplexes comprising 4 sellable units, with additional potential for future high-rise redevelopment under the OCP (buyer to verify with City). The existing 2-storey residence offers 7 bedrooms, over $150,000 in recent renovations, and strong holding income with quality tenants generating approx. $5,000/month. Situated on a flat, usable lot in a prime location near Lougheed Mall, SkyTrain, Walmart, parks, schools, and the future recreation centre. An outstanding opportunity to hold, build, rent, or assemble in a high-demand area with significant long-term upside.
MLS® #
R3122483
Status
Active
Type
Residential
Sub-type
Single Family Residence
Style
Split Entry
Ownership
Freehold NonStrata
Bedrooms
7
Full Baths
2
Half Baths
0
Living Area
2,399 sqft
Main Floor
1,131 sqft
Basement
Yes
Lot Size
6,910 sqft
Lot Dimensions
58 x
Frontage
58
Year Built
1958
Age
68 years
Structure
Residential Detached
Carport
1 spaces
Parking Type
Carport Single, Open, RV Access/Parking
Taxes
$5,696.83/yr
MLS® Area
Sullivan Heights
City
Burnaby
Postal Code
V3J 1G9
Heating
Forced Air · Natural Gas
Appliances
Washer/Dryer · Dishwasher · Refrigerator · Stove
Interior Features
Storage
Exterior Features
No Outdoor Area
Lot Features
Recreation Nearby
Community
Shopping Nearby
Coordinates: 49.256820, -122.893808 · Map data © Google
Watch this home
Get an email when the price changes, it sells, or it goes off the market. Sign in or create a free account.
Transit-Oriented Area — Tier 3
~590 m from Burquitlam SkyTrain station
Provincial law requires the city to allow at least 3.0 FAR and 8 storeys for residential here — well above typical single-family zoning. Potential land-assembly interest from developers.
Multiplex potential: on a ~642 m² lot, BC’s small-scale housing law requires the municipality to allow at least 4 units (up to 6 near frequent transit), where it applies.
~590 m straight-line to Burquitlam SkyTrain
Screening estimate from provincial regulations (TOA station points, B.C. Reg. 263/2023 & 265/2023; small-scale multi-unit housing rules). Distances are straight-line; actual TOA maps are set by municipal bylaw and some parcels (heritage, ALR, exempt areas) are excluded. Confirm with the municipality before relying on it.
Not in the Agricultural Land Reserve.
The listing’s flood plain disclosure is available to registered users. Create a free account or sign in.
ALR from the Agricultural Land Commission via DataBC (point check at the listing’s mapped location). Flood plain is the listing brokerage’s disclosure. Confirm both with the municipality and your lawyer.

$649,900
Sullivan Heights
MLS® R3176403 · Listed by Oneflatfee.ca
Building permit history is currently available for City of Vancouver properties only.