3918 UNION STREET, Burnaby
$1,388,000
This 4,026 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.
Development Opportunity — North Burnaby R1 Small-Scale Multi-Unit Site.Priced well below assessed value, this quiet, tree-lined North Burnaby lot is a builder-ready opportunity. An efficient, in-demand product type close to schools, transit, and parks (Walk Score 90). Existing home is in original condition and holds minimal value; the deal here is the land and zoning. Ideal for builders, investors, or developers looking to move quickly on a clean multi-unit build. Sold as-is, where-is. DO NOT WALK ONTO THE PROPERTY.
How this price compares
This lot asks $345 per square foot of lot. That is 27% above the median of $271 across the 258 active lots VanPlex is showing in Burnaby, and puts it 201 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
- $1,388,000
- Lot size
- 4,026 sqft
- Lot dimensions
- 33 x 122
- Frontage
- 33 ft
- Bedrooms
- 0
- Bathrooms
- 0
- Year built
- 1962
- Zoning
- R1
- MLS® area
- Willingdon Heights
- MLS® number
- R3133666
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.