4729 CANADA WAY, Burnaby
$1,899,000
This 8,100 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.
Gorgeous, tastefully renovated home featuring modern finishes, bright open living spaces, and meticulous upkeep—ideal to live in or hold for rental income.Prime development opportunity in Burnaby’s sought-after Frequent Transit Network Area (FTNA). Zoned R1, allowing up to 6 units under the R1 SSMUH bylaw with no planning approval required. OCP (Dec 9, 2025) designates R2 – Townhouse (up to 4 storeys), offering strong future rezoning potential supported by Council. Buyer to verify with the City and complete their own due diligence. . Close to Burnaby Hospital, BCIT, Parks, schools transit and all amenities.
How this price compares
This lot asks $234 per square foot of lot. That is 13% below the median of $271 across the 258 active lots VanPlex is showing in Burnaby, and puts it 67 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
- $1,899,000
- Lot size
- 8,100 sqft
- Lot dimensions
- 50 x 162
- Frontage
- 50 ft
- Bedrooms
- 4
- Bathrooms
- 3
- Year built
- 1978
- Zoning
- R1
- MLS® area
- Central BN
- MLS® number
- R3090774
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Listing data via MLS®. Displayed for information only. Zoning R1 stamped from the city record on 2026-07-25.