2640 BAINBRIDGE AVENUE, Burnaby
$4,500,000
This 21,824 sqft property in Burnaby is a detached single-family home on a lot the new rules make suitable for a multiplex. Burnaby follows the provincial small-scale housing rules, so most single-family lots allow three to four homes, and lots near frequent transit can allow up to six. Burnaby's larger average lot size often makes the higher counts easier to lay out.
Exceptional development opportunity in the heart of North Burnaby. This 1/2 acre property is designated under the Burnaby OCP as Low-Rise Apartment (2–8 Storeys) and is located within a Transit-Oriented Development Area, offering tremendous future redevelopment potential. Centrally positioned with convenient access to SkyTrain, major transit routes, Brentwood, Lougheed, SFU, shopping, parks, and everyday amenities. Surrounded by several major master-planned communities and ongoing redevelopment projects, this site is ideally situated in one of Burnaby’s most rapidly evolving neighbourhoods. Rare chance for builders, developers, and investors to secure a large assembly-style property with significant upside potential. Don’t miss this outstanding opportunity in a high-growth location.
How this price compares
This lot asks $206 per square foot of lot. That is 24% below the median of $271 across the 258 active lots VanPlex is showing in Burnaby, and puts it 27 of 258 from cheapest to most expensive. Asking prices only, taken from the current MLS® feed.
Land price per square foot is only one input. Frontage, lane access, slope, and how many homes the zoning actually allows decide what a lot is worth to a builder.
Lot and property details
- Price
- $4,500,000
- Lot size
- 21,824 sqft
- Lot dimensions
- 88 x 248
- Frontage
- 88 ft
- Bedrooms
- 4
- Bathrooms
- 4
- Year built
- 1975
- Zoning
- A2
- MLS® area
- Montecito
- MLS® number
- R3124100
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Listing data via MLS®. Displayed for information only. Zoning A2 stamped from the city record on 2026-07-25.