3796 PETER STREET, Burnaby
$1,599,999
This 6,832 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.
Attention Builders, Investors, and Home Buyers! This exceptional property offers outstanding potential on a large 6,832 sq. ft. corner lot with a sunny south-facing backyard. The renovated (2017) 4-bedroom, 3-bathroom home features laminate flooring, quartz countertops, stainless steel appliances, updated bathrooms, and double-glazed windows. The lower level has a separate entrance, newer kitchen, two bedrooms, and two full bathrooms, providing flexibility as either a 1- or 2-bedroom rental suite for added income. Ideally located near transit, Central Park, Metrotown, schools, and restaurants, this property is perfect for families, investors, or future development. According to the City, the lot may accommodate up to six units (buyer to verify with the City).
How this price compares
This lot asks $234 per square foot of lot. That is 14% below the median of $271 across the 258 active lots VanPlex is showing in Burnaby, and puts it 66 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
- $1,599,999
- Lot size
- 6,832 sqft
- Lot dimensions
- 56 x 122
- Frontage
- 56 ft
- Bedrooms
- 4
- Bathrooms
- 3
- Year built
- 1954
- Zoning
- R1
- MLS® area
- Suncrest
- MLS® number
- R3146856
Want the PlexScore and return on equity for this lot? Get PlexPro.
Listing data via MLS®. Displayed for information only. Zoning R1 stamped from the city record on 2026-07-25.