4021 GRAVELEY STREET, Burnaby
$1,998,000
This 6,600 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.
This is a rare opportunity to acquire a M-3 Zoned (Heavy Industrial) property in the highly sought-after Willingdon Heights area of Burnaby. Ideally located just minutes from Highway #1, this 6,600 sq ft lot (50ft x 132ft) offers ample space to construct your ideal building. The property is being sold for land value only, with the existing residential structure being sold "as is, where is" and is considered a teardown by potential buyers.
How this price compares
This lot asks $303 per square foot of lot. That is 12% above the median of $271 across the 258 active lots VanPlex is showing in Burnaby, and puts it 174 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
- $1,998,000
- Lot size
- 6,600 sqft
- Lot dimensions
- 50 x 132
- Frontage
- 50 ft
- Bedrooms
- 3
- Bathrooms
- 2
- Year built
- 1931
- Zoning
- M3
- MLS® area
- Central BN
- MLS® number
- R3061435
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Listing data via MLS®. Displayed for information only. Zoning M3 stamped from the city record on 2026-07-25.